Wall Street Shows Confidence to Start the New Year

A U.S. one dollar banknote is seen in front of displayed stock graph in this illustration taken on May 7, 2021. Dado Ruvic/Illustration/Reuters

BOSTON—World markets got 2022 off to an optimistic start, with U.S. and European equity markets powering higher on Monday, in parallel with rising oil prices and U.S. Treasury yields.

The Dow Jones Industrial Average rose 60.52 points, or 0.17 percent, to 36,398.82, the S&P 500 gained 9.76 points, or 0.20 percent, to 4,775.94 and the Nasdaq Composite added 73.86 points, or 0.47 percent, to 15,718.83.