Dow Rebounds on Falling Oil Prices and Hopes for US-China Summit

The Dow Jones Industrial Average rebounded on Monday from last week's losses, rising more than 200 points in morning trading as oil prices fell and expectations for a U.S.-China summit fueled investor sentiment.

Easing concerns over the Iran situation drove down crude oil futures, which traded below $96 per barrel on the New York Mercantile Exchange (NYMEX) - a decline from Friday's settlement of $100.30.

The drop in oil prices prompted buying in equities as market participants increasingly view a potential meeting between U.S. and Iranian leaders as a possible pathway to easing tensions in the Middle East.