Amir Cohen/Reuters
- The Dow jumped more than 500 points on Monday as Middle Eastern conflict fears abated.
- Brent crude, the international benchmark, fell as much as 4% in intraday trade.
- Investors are also awaiting the Fed meeting this week, Apple earnings, and the monthly jobs report.
US stocks jumped on Monday while oil prices sank as investor anxiety over a broader Middle East conflict eased.
Israel's ground assault of the Gaza Strip appeared more gradual than expected, sending Brent crude down as much as 4% in intraday trading.
The rally in US indices also comes ahead of an important week, which includes the Federal Reserve's policy meeting, the Treasury Department's quarterly refunding statement on bond auctions, Apple earnings, and the monthly jobs report.