U.S. Stocks Erase Big Earlier Losses

NEW YORK (AP) — U.S. stocks rose following a remarkable reversal, as oil prices went from their highest prices since 2022 back below $90 per barrel. The S&P 500 dropped as much as 1.5% Monday morning before flipping to a gain of 0.8% at the end of the day’s trading. The Dow Jones Industrial Average clawed back a plunge of nearly 900 points to rise nearly 240, while the Nasdaq composite climbed 1.4%. They’re the latest hour-to-hour swings to pummel financial markets because of uncertainty about just how high oil prices will go and how long they will stay there because of the war with Iran.