U.S. Stocks Rise as Oil Advances, Dollar Weakens: Markets Wrap
- Crude climbs before OPEC as Saudi Arabia touts cut extension
- S&P 500’s three-day rally at 1.6 percent after selloff
OPEC Faces U.S. Shale Challenge Ahead of Meeting
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U.S. stocks advanced for a third day as President Donald Trump’s trip to Saudi Arabia netted deals that lifted industrial shares and crude pushed to a one-month high before OPEC meets this week. The dollar slipped.
The S&P 500 Index’s three-day climb topped 1.5 percent as Boeing Co. jumped after Trump’s foreign trip overshadowed a week of tumult in Washington. The euro advanced after Chancellor Angela Merkel said the “too weak” currency shared the blame for Germany’s trade surplus. The 10-year Treasury yield edged toward 2.25 percent. Brazilian assets resumed a selloff Monday as investors fled what had been one of the most popular trades in emerging markets.