Stocks close higher, reversing sharp losses after oil prices fall

Stocks close higher, reversing sharp losses after oil prices fall Oil prices spiked as high as nearly $120 per barrel overnight. Stocks closed higher on Monday, recovering from sharp losses earlier in the day as markets whipsawed in response to developments in the U.S.-Israeli war with Iran. The dramatic reversal on Wall Street came after U.S. oil prices turned lower on Monday afternoon. Crude prices settled at about $85 per barrel, unwinding a surge hours earlier that had reached as high as nearly $120 a barrel. The Dow Jones Industrial Average closed up 230 points, or 0.4%, while the S&P 500

Stocks close higher, reversing sharp losses after oil prices fall Oil prices spiked as high as nearly $120 per barrel overnight. Stocks closed higher on Monday, recovering from sharp losses earlier in the day as markets whipsawed in response to developments in the U.S.-Israeli war with Iran. The dramatic reversal on Wall Street came after U.S. oil prices turned lower on Monday afternoon. Crude prices settled at about $85 per barrel, unwinding a surge hours earlier that had reached as high as nearly $120 a barrel. The Dow Jones Industrial Average closed up 230 points, or 0.4%, while the S&P 500