US stocks rallied at the start of Monday’s session as investors prepared to digest a flurry of quarterly results from corporate majors along with a highly anticipated inflation data release. At 9:30 a.m., the Dow Jones Industrial Average was up 189.46 points, or 0.41%, at 46,381.17. The S&P 500 rose 38.71 points, or 0.58%, to 6,702.72, while the Nasdaq Composite rose 180.31 points, or 0.80%, to 22,860.28. On Friday, the Dow Jones Industrial Average closed higher by 238.37 points, or 0.52%, at 46,190.61, the S&P 500 gained 34.94 points, or 0.53%, to 6,664.01 and the Nasdaq Composite rose 117.44 points, or 0.92%, to 6,664.01. In the bond market, Treasury yields held relatively steady. The yield on the 10-year Treasury fell to 3.99% from 4.02% late on Friday. Bullion Market gold prices rose on Monday after a record surge on safe haven demand. Spot gold was up 0.3% at $4,2562.84 an ounce as of 1139 GMT. U.S. gold futures for December delivery climbed 1.6% to $4,280.40 an ounce. Among other metals, spot silver rose 0.3% to $51.98. Platinum fell 0.8% to $1,596.95 an ounce and palladium fell nearly 2% to $1,445.24 an ounce. Crude oil prices fell on Monday, pressured by worries about a global glut as trade tensions between the US and China added to worries about an economic slowdown. Brent crude futures were down 41 cents, or 0.7%, at $60.88 a barrel as of 1210 GMT, while U.S. West Texas Intermediate futures were down 40 cents, or 0.4%, at $57.14. Last week, the head of the World Trade Organization said she had urged the United States and China to reduce trade tensions, warning that a decoupling by the world’s two largest economies could reduce global economic output by 7% over the longer term.
Wall Street Today: US stocks rise on focus on earnings, inflation data
