U.S. Stocks Gain as Oil Rallies to Six-Month High: Markets Wrap
- Oil jumps as White House scraps waivers tied to Iranian crude
- Busy earnings week features Amazon, Facebook, Microsoft, Tesla
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U.S. equities eked out a gain in light volume as investors prepared for a deluge of earnings news. Oil jumped after the White House said it will scrap waivers that allow the purchase of some Iranian crude.
The S&P 500 Index rose 0.1 percent even as most members of the gauge fell, and closed about 1 percent below its all-time high. Energy shares rallied alongside crude prices, while real-estate companies slumped after sales of previously owned U.S. homes eased more than forecast in March. The dollar was steady as 10-year Treasury yields inched up.