Stock market today: Oil prices climb following the latest Gaza war, but stocks rise with rate hopes
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October 8, 2023
NEW YORK (AP) — Oil prices climbed Monday on worries about violence in the Middle East. The stock market was less fearful, though, and flipped from early losses to gains.
The S&P 500 rose 27.16, or 0.6%, following some potentially encouraging news on interest rates, which have been dragging Wall Street mainly lower since the summer.
The Dow Jones Industrial Average gained 197.07 points, or 0.6%, to 33,604.65, and the Nasdaq composite climbed 52.90, or 0.4%, to 13,484.24.
Stocks perked higher after two officials at the Federal Reserve suggested they may not need to raise interest rates again at...
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