Calm is returning to Wall Street. U.S. stocks are rallying Monday, while oil prices are giving back some of their initial spurts following Israel’s attack on Iranian nuclear and military targets at the end of last week. The S&P 500 climbed 1% and was on track to reclaim nearly all of its drop from Friday. The Dow Jones Industrial Average added 361 points, and the Nasdaq composite rose 1.4%. They joined a worldwide rise for stock prices, stretching from Asia to Europe. The price for a barrel of benchmark U.S. oil fell by about 2%, while gold's price eased.
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