Stock were trading near session highs Monday afternoon following the deadly terror attacks in Paris on Friday.

The S&P 500 and the Dow Jones Industrial Average gained almost 1% and Nasdaq rose 0.70%. If they finish higher Monday, the Dow and S&P 500 would snap three-session losing streaks.

Matt Weller, senior market analyst at, said investors were buoyed by the belief that central banks "are likely to ride into the rescue" if fear pervades markets following the attacks.

"If, God forbid, if we have follow-up attacks or fear among consumers, the implication is that central banks can still ride to their rescue," Weller said.

Travel-related stocks declined Monday in the wake of the Paris terrorist attacks. Delta Air Lines (DAL - Get Report) fell more than 2.5%, while Carnival (CCL - Get Report) declined almost 2%. Priceline (PCLN) fell almost 3%.

The Empire State Manufacturing Survey for November came in at minus 10.74, which was below expectations. The report indicated there were signs of weakness in New York's manufacturing sector.

West Texas Intermediate crude oil jumped Monday afternoon by 3.1% to $41.99 a barrel after falling in mid-morning trading.

Clovis Oncology  (CLVS - Get Report)  shares fell by more than 72% following news the company's lung cancer drug had lower response rates than previously disclosed to the Food and Drug Administration, which could delay their approval and strengthen AstraZeneca's competing drug.

Nexstar Broadcasting (NXST - Get Report)  rose nearly 2% after Media General (MEG)  rejected a $1.85 billion buyout. Media General's stock fell almost 0.20% following the news. 

In a written statement, Nexstar Chairman and CEO Perry Sook said the company is "eager to move forward" and it will negotiate with Media General. 

Marriott International (MAR - Get Report) said Monday it reached an agreement to buy Starwood Hotels & Resorts (HOT) for $12.2 billion in cash and stock. The deal would create the world's largest hotel company. Marriott shares were up 0.40% while Starwood Hotels declined by almost 4.4%.

According to a Securities and Exchange Commission filing, David Tepper, head of hedge fund Appaloosa Management, sold all of his 1.36 million shares in Alibaba (BABA - Get Report) in the third quarter. He also trimmed his holdings in Bank of America (BAC - Get Report) , Apple (AAPL - Get Report) , Google (GOOGL - Get Report) and Mylan (MYL - Get Report) .

Mylan's  (MYL - Get Report) shares rose more than 2% following an announcement that the company will buy back $1 billion in stock after Perrigo's shareholders rejected a $26 billion takeover on Friday, according to The Wall Street Journal

Berkshire Hathaway (BRK.A - Get Report)  increased slightly following the release of its quarterly 13F filling that showed the holding company trimmed holdings in Walmart (WMT - Get Report) by 7% and Goldman Sachs (GS - Get Report) by 13%, while increasing shares in AT&T (T - Get Report) and General Motors (GM - Get Report) .

Chinese online retailer (JD - Get Report) rose over 10% after it reported a third-quarter adjusted loss of 6 cents per American depositary share on revenue of $6.95 billion.

Dillard's (DDS - Get Report) declined more than 8.4% after reporting disappointing quarterly sales. The retail company reported $1.19 a share on profit of $45.7 million and revenue of $1.43 billion. This was a decrease from the same quarter in the prior year's earnings of $1.30 a share and profits of $55.2 million.

Urban Outfitters (URBN - Get Report) shares slumped almost 8% as investors awaited earnings after Monday's closing bell.

The week will see a number of earnings report from retailers such as Walmart, Target (TGT - Get Report) , Home Depot (HD - Get Report) and Best Buy (BBY - Get Report) .