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U.S. stocks rallied Monday and recovered the last of their losses caused so far by the U.S. and Israel’s war with Iran, as Wall Street remains hopeful that the global economy can still avoid a worst-case scenario.
The S&P 500 rose one per cent and pulled back within 1.3 per cent of its all-time high set early this year. The Dow Jones Industrial Average added 301 points, or 0.6 per cent, and the Nasdaq composite climbed 1.2 per cent.
In Canada, the S&P/TSX composite index was up 183.48 points at 33,879.24.
Even in the oil…
