Stocks gapped up and stayed in the green Monday as crude oil prices fell sharply on signs of restraint in the still-developing Iran-Israel conflict in the Middle East. The major indexes resumed their long march higher after a six-week winning streak ended on Friday, a day before the Magnificent 7 segment of earnings reporting season begins. Indeed, with 169 of the S&P 500 set to report earnings, this will be the busiest week of third-quarter reporting season.
The Dow Jones Industrial Average ended up 0.7% to 42,387. The Nasdaq Composite rose 0.3%, finishing the regular trading session at 18,567. And the S&P 500 added 0.3% to 5,823.
