Stock Market Today: Oil Prices Climb Following the Latest Gaza War, but Stocks Rise With Rate Hopes

Stock Market Today: Oil Prices Climb Following the Latest Gaza War, but Stocks Rise With Rate Hopes
A pedestrian walks past the New York Stock Exchange in New York on Oct. 27, 2022. J. David Ake/AP Photo
|Updated:
0:00

NEW YORK—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 percent, following some potentially encouraging news on interest rates, which have been dragging Wall Street mainly lower since the summer.