Boeing was the best-performing Dow stock, closing 2% higher. Microsoft, Visa and Cisco Systems added to the 30-stock average's gains, advancing more than 1% each.
The major averages were coming off their first loss in five sessions, with the Dow falling more than 200 points on Friday. Mounting concerns over how the coronavirus would impact China's economy, the second-largest in the world, pressured stocks. Despite Friday's losses, Wall Street logged in its biggest weekly gain since June as the S&P 500 jumped 3.2%. Strong economic data along with solid corporate earnings reports fueled the market's weekly surge.
"Stock market investors are torn between fear that the coronavirus might continue to spread, weighing on global economic growth, and optimism given that the latest batch of global economic indicators is showing rebounding global growth," said Ed Yardeni, president and chief investment strategist at Yardeni Research, in a note.
Monthly U.S. employment data released Friday showed more than 200,000 jobs were created in January. The Institute for Supply Management said last week
Go trump economy 😎🇺🇸
riddler_smitb BUY BUY BUY like its 1929! or 1999 or .....
CNN)74 ()74 (
robertojirusta LeaBelbj
ANOTHER DAY ANOTHER MAGA
Fear of coronavirus must have abated.
Liquidity liquidity liquidity. Really not rocket science.
Pure speculation. At some point we will be hit by the chinese virus disrupting the global supply chain.
KAG
tedlieu says you’re fake news.
This sure reminds people of the Japanese market in the late 80s. Nothing is bad and everything is good. I am sure MAGA is different and no rule can be applied here. But history always rhythms.
I like seeing my portfolio go up but this doesn't make sense. Worlds manufacturing center is shutting down one factory after another but Wall Street is going up. How is the marketing going up?
yea Trump
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