U.S. stocks rose as commodity shares paced a rebound from the worst weekly decline since August, while investors assessed the fallout from terrorist attacks in Paris.
Commodity shares were volatile, with energy companies in the Standard & Poor’s 500 Index briefly erasing a 1.8 percent rally before rising again as oil reversed earlier losses. Consumer staples companies rose, with Coca-Cola Co. and Wal-Mart Stores Inc. up at least 1 percent.
The S&P 500 rose 0.7 percent to 2,036.27 at 12:33 p.m. in New York, after sinking 1.1 percent Friday to a three-week low. The Dow Jones Industrial Average added 117.18 points, or 0.7 percent, to 17,362.42. The Nasdaq Composite Index increased 0.2 percent.
The S&P 500 on Friday capped its worst weekly drop since August, snapping six straight weeks of gains amid mounting expectations that the Federal Reserve is preparing to raise interest rates as soon as December. Retailer and apparel companies tumbled after weaker-than-forecast earnings and sales data, posting their worst week in four years.
Energy shares also slumped amid their biggest weekly retreat since August as crude-oil prices dropped to their lowest level in more than two months. The Chicago Board Options Exchange Volatility Index jumped 40 percent last week, the most since August, to a six-week high. The measure of market turbulence known as the VIX declined 3.1 percent Monday to 19.46.