Stocks Gain as Oil Extends Rally for a Fourth Day: Markets Wrap
- Risk assets had been hit amid earnings, geopolitical worries
- Europe, Asia shares extended drop; Yields on Treasuries rise
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U.S. stocks kicked off the week on a positive note, rallying late in the session to close higher after California sounded a note of optimism in its fight against the virus. Crude oil gained for a fourth consecutive day.
The S&P 500 ended green after a last-hour push after the state with the biggest economy reported the fewest virus-related deaths in three weeks and signaled some businesses may reopen as soon as Friday. Stocks were lower during much of the session after tensions escalated between the Trump administration and China, and economic data disappointed.