Traders work on the floor of the New York Stock Exchange (NYSE) as the market closes in New York, U.S., October 3, 2016. REUTERS/Lucas Jackson
Wall Street rose on Monday morning amid gains across most sectors, driven by oil prices, and as Democrat Hillary Clinton was widely seen as the winner of the second presidential debate.
A Clinton presidency would be more positive for the markets because her positions are more well known than those of her Republican rival Donald Trump, according to a Reuters poll.
A CNN/ORC snap poll of debate watchers found that 57 percent thought Clinton won the encounter, versus 34 percent for Trump.
Oil prices rose 2.8 percent and touched their one-year high as speculators raised bets that prices would gain on the back of an agreement among OPEC producers to rein in record output levels. [O/R]
“Investors will ponder the presidential debate and follow the events in the commodity markets, especially oil,” said Peter Cardillo, chief market economist at First Standard Financial in New York.