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%.
Beyonce goes hell for leather black fringed pantsuit as she poses on an 18
Ministry for the Environment asks for voluntary redundancies
Seymour 'achieved what I wanted' in 10
World Court orders Israel to halt Gaza famine; Hamas says ceasefire needed
Why Meghan's podcast has hit a snag before it even begins: Duchess's much
Wellington City Council votes to increase housing density
Passenger breaks his leg 30 minutes into a seven
Man arrested after alleged stabbing in Papamoa, Bay of Plenty
Police find body of missing Maine man believed killed after a search that took nearly a year
Teens arrested after petrol station, vape shop burglaries