U.S. Stocks Extend Rebound as Oil Pares Back Gains: Markets Wrap

S&P 500 index rises as earnings season boosts sentiment
Crude oil falls from session high, easing pressure on market

WATCH: Kyle Rodda, market analyst at IG Markets, discusses the outlook for the global economy, financial markets and Federal Reserve policy.(Source: Bloomberg)

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By Vildana Hajric and Nathan Hager

October 17, 2021 at 9:46 PM UTC

Updated on

October 18, 2021 at 8:02 PM UTC

This article is for subscribers only.

U.S. stocks extended a rebound on Monday as a whipsaw in energy prices relieved some pressure on the market.

The S&P 500 added 0.3% and the Nasdaq 100 gained 1% in a continuation of last week’s gains when solid corporate earnings and economic reports were enough to outweigh concerns about energy shortages and supply-chain disruptions.