NEW YORK (AP) — U.S. stocks were moving higher on Wall Street following gains overseas as investors held out hope for more economic stimulus from China.
Energy companies had some of the biggest gains Monday as the price of crude rose. Williams Companies jumped 4 percent.
The price of benchmark U.S. crude rose 1 percent to $40 a barrel in New York.
Big U.S. companies are reporting their quarterly results this week. Aluminum maker Alcoa reports after the closing bell Monday.
The Dow Jones industrial average rose 42 points, or 0.2 percent, to 17,618.
The Standard & Poor’s 500 index climbed two points, or 0.1 percent, to 2,050. The Nasdaq composite added seven points, or 0.2 percent, to 4,858.
The yield on the 10-year Treasury note was little changed at 1.72 percent.
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