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FinanceDow rises more than 100 points, energy stocks lead way after oil...

Dow rises more than 100 points, energy stocks lead way after oil tops $81

U.S. stocks churned larger to start out the week Monday as oil costs popped and energy stocks gained.

The Dow Jones Industrial Average added about 145 factors, or 0.4%. The S&P 500 ticked up 0.5%. The Nasdaq Composite added 0.5%.

Energy stocks rose as WTI crude oil topped $82 a barrel earlier than pulling again from session highs. The U.S. oil benchmark was nonetheless up almost 2% on the $81 stage.

Oil stocks Halliburton, Schlumberger, Hess and Diamondback Energy had been among the many S&P 500’s high gainers.

The U.S. bond market is closed Monday for Columbus Day.

This week, main banks will kick off their third-quarter earnings stories. JPMorgan kicks it off on Wednesday, with Goldman Sachs, Bank of America, Morgan Stanley, Wells Fargo and Citigroup following later within the week. Delta Airlines and Walgreens Boots Alliance stories are additionally on deck.

Analysts estimate an earnings progress charge of 27.6% for the S&P 500 within the third quarter, which might be the third-highest progress charge since 2010.

After a 4.8% loss in September, the S&P 500 is now up about 2% for the month of October and sits round 3% from its file.

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