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%.
Hundreds of German police subdue 'hooligans' in training exercise for Euro 2024
Xinjiang delivers 740 billion kWh of electricity to nation
Hometown hero soars in Shanghai
Analysis: Golf has two dominant forces in Scheffler and Korda. It didn't happen overnight
History weighs heavy on Lionesses
Over 600 enterprises sign up for 7th CIIE
$6,500 school vouchers coming to Georgia as bill gets final passage and heads to governor
Novel mineral sheds light on rare
Nikola Jokic's brother reportedly involved in altercation after Nuggets
Xi Sends Congratulatory Letter As SCO Justice Ministers Meet in Shanghai