The blue-chip Dow Jones Industrial Average climbed 317.30 points, or 0.75%, to end at 42,515.09. The broad market S&P 500 and the Nasdaq Composite traded higher by 0.94% and 1.52%, closing at 6,033.11 and 19,701.21, respectively.

Stock futures wavered before Monday's session as the escalating conflict between Israel and Iran spiked oil prices and raised investors' concerns about the global economy. Dow Jones Industrial Average futures shed 31 points, or 0.1%. S&P 500 futures lost 0.1%, while Nasdaq 100 futures flickered around flat.