Dow closes more than 250 points higher, aided by cooling oil prices: Live updates
Stocks reacted to a pause in fighting between the U.S. and Iran over the weekend.
AI Summary
U.S. stock futures rallied Sunday night ahead of a busy week featuring megacap earnings from Amazon, Apple, Meta, and Microsoft, plus a Federal Reserve meeting that could deliver a surprise rate hike. The gains come after a losing week for major averages, with geopolitical tensions rising after Ukraine struck an Iranian vessel. Investors are focused on whether big tech earnings will calm fears over AI spending or exacerbate them, while the Fed is expected to decide on interest rates Wednesday.