Markets Right Now: Global stocks climb after recent losses

The latest on developments in financial markets (all times local):

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9:35 a.m.

Stocks in the U.S. and Europe are rising as global markets recover some of their recent losses.

Technology companies and retailers rallied Monday. Microsoft added 2 percent and Amazon rose 2.4 percent.

Oil prices and energy companies jumped. Benchmark U.S. crude rose 2.7 percent after it closed at its lowest price in more than a year Friday.

The S&P 500 index rose 24 points, or 0.9 percent, to 2,656.

The Dow Jones Industrial Average gained 231 points, or 1 percent, to 24,517. The Nasdaq composite climbed 74 points, or 1.1 percent, to 7,012.

In London the FTSE 100 index rose 0.7 percent, less than other major indexes, after leaders from Britain and the European Union agreed to a deal governing Britain’s departure from the EU.