The major U.S. stock indexes rose Monday to shake off some recent losses, with investors looking ahead to the Federal Reserve’s next monetary policy decision later this week amid an ongoing war in Ukraine and soaring inflation.
The Dow Jones Industrial Average gained more than 1%, or 400 points, during intraday trading as the index recovered some losses following five straight weekly losses. The Nasdaq erased earlier losses to trade higher, joining the S&P 500 in the green. U.S. crude oil prices (CL=F) briefly dipped below $103 per barrel to a two-week low, while the average price for gas at the pump held near a record above $4.30 per gallon across the U.S.
While U.S. stocks were on track to rise on Monday, Chinese stocks remained volatile as concerns over regulatory pressures and Beijing’s relationship with Russia rose further. According to reports over the weekend citing U.S….
