Banks, travel stocks set to lead Wall Street higher

REUTERS: Wall Street was set to surge at the open on Monday following the longest weekly losing streak in a year for the S&P 500 and the Dow, with investors piling into shares of beaten-down sectors, including banks and travel.

Wall Street's main indexes ended higher on Friday, helped by technology stocks, but the Dow Jones and the benchmark S&P 500 indexes posted their fourth straight weekly decline - the longest such streak since August 2019. "All of this data reminds investors that we're not headed for a new bear market or a new recession," Stovall said.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Tokyo: Stocks close higher with eyes on US-China tensions[TOKYO] Tokyo stocks closed higher on Monday, helped by rallies on Wall Street, while investors carefully watched US-China tensions over technology issues. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Hong Kong: Stocks open on positive note[HONG KONG] Hong Kong stocks started Monday with small gains following a strong lead from Wall Street, while investors also cheered healthy data indicating China's economy continues to improve. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »