Financial Markets Wall Street

Wild swings that swept through financial markets overnight eased as trading headed westward to Wall Street. U.S. stocks rose Monday following sharp drops in Asia and then gains in Europe, while gold and silver prices rallied back from severe earlier losses. The S&P 500 added 0.6%. The Dow Jones Industrial Average rose 439 points, and the Nasdaq composite climbed 0.8%. Silver erased a 9% loss from the overnight hours, while gold pulled nearly back to even after briefly dropping below $4,500 per ounce. Oil prices fell, while Treasury yields held relatively steady following a report on U.S. manufacturing that was better than economists expected.