U.S. stocks rose in subdued trading on Monday as oil prices surged to a one-year high, lifting shares of energy companies.
Oil prices rose 2 percent after Russia said it was ready to join OPEC in curbing crude output and Algeria’s oil minister said he expected similar commitments from other non-OPEC producers.
Ten of the 11 major S&P 500 indexes were higher, led by a 1.69 percent rise in the energy sector. Exxon and Chevron were among the top influences on the S&P and the Dow.
The U.S. bond market was closed for the Columbus Day holiday.
The market also got a boost from perceptions that Democrat Hillary Clinton won the second presidential debate against Republican Donald Trump, less than a month before the Nov. 8 vote.