Stock markets climb worldwide after oil prices and bond yields give back some of last week's jumps

stocks are climbing with markets worldwide on Monday after oil prices and yields in the bond market gave back some of their jumps from last week.The S&P 500 rose 0.6% and pulled back within 1.3% of its all-time high set last month. The Dow Jones Industrial Average was up 224 points, or 0.4%, as of 9:35 a.m. Eastern time, and the Nasdaq composite was 0.8% higher.They got some help from the price for a barrel of Brent oil falling 3.1% to $100.62.

While that’s still much higher than its roughly $72 price from earlier this summer, it’s down from the nearly $110 it touched last week.Oil prices are swinging up and down as some crude from the Middle East is able to sail through the Strait of Hormuz, though nowhere close to as much as the industry and customers would like because of the war with Iran. Morgan Stanley’s Michael Wilson said another swing higher in prices for oil, gasoline and other refined products is the main risk he sees in the near term that could keep the U.S. stock market from rising to his forecast for the year’s end.The average price for a gallon of regular gasoline across the United States has already climbed to nearly $4.48, according to AAA.

That's up from less than $4.32 just a week earlier and from $3.18 a year ago.Monday’s pullback in oil prices helped lower the pressure coming from the bond market. The yield on the 10-year Treasury eased to 4.96% from 5.01% late Friday after it crossed above the 5% threshold last week for the first time in three years.Higher yields slow the economy by making it more expensive to borrow money, hurting not just the U.S. government that has to borrow to pay its bills but also U.S.

households and businesses.Worries of course remain about how much oil is available for customers worldwide, ING commodities strategists Ewa Manthey and Warren Patterson wrote in a commentary on Monday. However, they said profit-taking by investors after the recent jump in oil prices, together with hopes for constructive discussions at this week’s U.N. General Assembly and at a meeting between China’s and the United States’ leaders, helped improve market sentiment.Treasury Secretary Scott Bessent told reporters following talks Sunday with Chinese Vice Premier He Lifeng in New York that the U.S.

had “a very successful engagement” with the Chinese side. Bessent said talks with China touched on trade and AI. stocks are climbing with markets worldwide after oil prices and yields in the bond market gave back some of their jumps from last week.

The S&P 500 rose 0.6% Monday and pulled within 1.3% of its all-time high set last month. The Dow Jones Industrial Average added 301 points, and the Nasdaq composite climbed 0.8%. They benefited from the price for a barrel of Brent oil falling back toward $100, while the 10-year Treasury yield dropped to 4.95%.