Stocks climb as traders track Israel’s offensive: Markets Wrap

News Snapshot:

Stocks climbed as appetite for riskier assets recovered after Israel’s military action in Gaza proceeded more cautiously than some investors had feared. Most Read from Bloomberg Europe’s Stoxx 600 index and S&P 500 futures rose 0.6%. The Wall Street gauge fell on Friday, with sentiment dented by worries including a persistently hawkish Federal Reserve and underwhelming corporate earnings. Brent crude oil dropped below $89 a barrel on Monday, while gold slipped below $2,000 an ounce. Ten-year Treasury yields edged higher to 4.85%. Instead of a massive ground invasion, the Israeli military has started slowly, taking a day-by-day approach. Away from...