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NEW YORK (CNNMoney)
Congress returns from recess Monday and will vote on whether to authorize limited military strikes against the Middle Eastern nation.
For more than a week, President Obama has been trying to rally support for military action from members of Congress. This has resulted in more volatility in stocks and oil prices as traders worry about the possible knock-on effects of a strike.
The Dow, S&P 500 and Nasdaq rose between 0.5% and 0.7% in early trading and are up between 14% and 21% for the year. U.S. stocks managed to eke out gains last week -- despite a weaker-than-expected jobs report Friday.
Hiring continued in August, but at a slower pace, which may signal the Federal Reserve will stand pat on its bond-buying program when it meets next week. The Fed has been consistently saying it will not begin tapering until it sees marked improvement in the labor market.
Related: Fear & Greed Index wallows in fear
What's moving: Smithfield Foods (SFD, Fortune 500) and China's Shuanghui International announced after the closing bell Friday that U.S. regulators had cleared Shuanghui's proposed acquisition of the American meat processor.
Facebook (FB) continues to move higher and shares are getting closer to their all-time high of $45.
Shares of Blackberry (BBRY) rose on reports that its largest investor could be considering a buyout of the struggling smartphone company.
Dell (DELL, Fortune 500) shares rose slightly after activist hedge fund manager Carl Icahn said he was giving up his fight for control of the computer maker. That could make it easier for founder Michael Dell and investment firm Silver Lake to take the company private.
Apple (AAPL, Fortune 500) is expected to unveil new iPhones during a Tuesday event. The stock was up more than 1% in mid-morning trading.
Shares of Delta (DAL, Fortune 500) rose more than 6%, following news that the airline would join the S&P 500 after the close of trading Tuesday. It will replace BMC Software (BMC), which is being taken private.
Related: Apple's innovation problem is real
European markets were mixed in afternoon trading, while Asian markets closed with healthy gains.
Japanese stocks hit a one-month high Monday as Tokyo's Olympic win and stronger-than-expected economic data gave investors a double-dose of good news. 
First Published: September 9, 2013: 9:47 AM ET
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