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U.S. stocks were poised to start the week on solid footing Monday, as hopes for a global economic recovery boosted the confidence of investors worldwide.
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Oil prices soared on Friday to their highest level since October as investors grow hopeful that a recovery of the world economy is in sight.
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Stocks were set to open lower Monday as investors await a speech by President Obama about financial services reform and keep an eye on a China-U.S. trade spat.
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Stocks slipped Thursday afternoon, with the major indexes ducking down after touching fresh one-year highs in the late morning, following encouraging reports on housing, jobs and manufacturing.
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With little on the docket to challenge investor optimism, the defiantly bullish stock market is looking to extend its staggering run in the week ahead.