The Closing Look

Stocks rallied on Monday as investors wait for earnings season to begin in earnest. Oil prices surged more than 3% after Russia said it was open to curbing production to support oil prices. Russian President Vladimir Putin said Russia is open to join a proposed cap on oil output by OPEC members. Investors also digested the second presidential debate as we enter the last few weeks ahead of the election. Banks and the bond market were closed on Monday in observance of the Columbus Day holiday, but the stock market was open.

Gary’s Thoughts: Oils and financials day. Oils tricky and financials very sloooow. Otherwise, the nauseating range continues. Remember, a few financials report late this week and then next week opens the floodgates.