Wall Street Creeps Out From September’s Losses

US stocks rallied, on Monday, after the S&P 500 and Nasdaq Composite closed out their first three-quarter losing streak since the 2008 Global Financial Crisis and the Dow logged its first such span of losses since 2015.

The benchmark S&P 500 index soared 2.4%, while the Dow Jones Industrial Average jumped 700 points, or around 2.5%, its best day in more than two months. The technology-heavy Nasdaq Composite advanced 2.1%.

Sizable moves in energy markets kicked off the week, with oil prices swinging higher as reports surfaced that OPEC+ is considering a big production cut of more than one billion barrels per day.