Overview
- U.S. stocks moved higher Monday, with the Dow up about 300 points and gains for the S&P 500 and Nasdaq.
- The Dallas Fed's manufacturing index slipped to -0.2 after Monday's release showed a small drop from 0.2 in February.
- Crude oil rose 2.3% to $101.94, while gold gained 1.7% and silver 1.9%, moves that can lift energy and mining shares and shape inflation views.
- Financials led U.S. sectors with a 1.6% gain, and industrials lagged with a 0.6% decline.
- Overseas markets diverged, with Europe higher across major indexes as Asia closed mostly lower led by a 2.79% drop in Japan's Nikkei.