US stocks climb after oil prices ease

NEW YORK, United States — A drop in oil prices on Monday helped send the US stock market to its best day since the war in Iran began. The S&P 500 climbed 1 percent for its biggest gain in five weeks. The Dow Jones Industrial Average added 387 points, or 0.8 percent, and the Nasdaq composite jumped 1.2 percent. The driver for markets once again was the price of oil. READ: PSEi falls further on Iran war uncertainty A barrel of benchmark US crude fell 5.3 percent to settle at $93.50, easing some pressure off the economy after topping $102 earlier in […]... Keep on reading: US stocks climb after oil prices ease