U.S. stocks have clawed back some of their losses from last week.
The S&P 500 rose 0.9% Monday to recover more than a quarter of last week’s rout. The Dow Jones Industrial Average added 0.7%, and the Nasdaq composite jumped 1.1%.
Technology stocks led the way as yields stabilized in the bond market. Bank stocks were also strong following better profits than expected from Truist Financial and others. They helped offset a drop for Tesla, which announced more cuts to prices over the weekend. Tesla is one of roughly 150 companies in the S&P 500 set to report its earnings this week.
On Monday:
The S&P 500 rose 43.37 points, or 0.9%, to 5,010.60.
The Dow Jones Industrial Average rose 253.58 points, or 0.7%, to 38,239.98.
The Nasdaq composite rose 169.30 points, or 1.1%, to 15,451.31.
The Russell 2000 index of smaller companies rose 19.82 points, or 1%, to 1,967.47.
For the year:
The S&P 500 is up 240.77 points, or 5%.
The Dow is up 550.44 points, or 1.5%.
The Nasdaq is up 439.95 points, or 2.9%.
The Russell 2000 is down 59.60 points, or 2.9%.
Look what you made me do! Taylor Swift famously uses her mega
Enjoy last night's solar eclipse? How to tell if it could have PERMANENTLY damaged your eyes
Sweet or savory? This is what your taste in snacks says about you, according to science
Missed the 2024 solar eclipse? Here's when and where you can see the next one
In Argentina, the government's austerity plan hits universities and provokes student protests
I lifted 200kg weights two days before giving birth
The hotel room on WHEELS! Self
I ate cricket meat mince and it was delicious
Why Meghan's podcast has hit a snag before it even begins: Duchess's much
Podcast pick: The best audio show to listen to now
Tommy Robinson is cleared of breaching dispersal order at march against anti
The Aucklanders who refuse to use food scrap bins