US stocks close higher, Dow Jones adds 380 points

US stocks closed higher on Monday, as Democratic and Republican senators moved closer to a deal to end the partial government shutdown, lifting investor risk appetite.

At Monday’s close, the Dow Jones Industrial Average rose 0.81%, or 381 points, to 47,368 points, recouping part of last week’s 1.21% loss.

The broader S&P 500 Index gained 1.54%, or 103 points, to 6,832 points, while the Nasdaq Composite Index advanced 2.27%, or 522 points, to 23,527 points, marking both indexes’ best daily performance since May.

In Europe, the STOXX Europe 600 Index increased 1.40% to 572.8 points, with the technology sub-index rising 1.55%.

Germany’s DAX Index rose 1.65% to 23,959 points, France’s CAC 40 Index added 1.30% to 8,055 points, and the UK’s FTSE 100 Index climbed 1.10% to 9,787 points.

In Japan, the Nikkei 225 Index advanced 1.25% to 50,911 points, while the broader TOPIX Index gained 0.55% to 3,317 points.

As for oil, Brent crude futures for January delivery rose 0.68%, or 43 cents, to USD 64.06 per barrel. US NYMEX crude futures for December delivery increased 0.64%, or 38 cents, to $60.13 per barrel.

Gold futures for December delivery climbed 2.80%, or $112.2, to $4,122 per ounce, closing at their highest level in two weeks.

A number of Democratic lawmakers in Congress agreed with their Republican counterparts to support a temporary budget bill to secure enough votes for its passage and end the government shutdown that has continued since Oct. 1.