Dow climbs more than 200 points on the first trading day of May, retail stocks lead gains

Indonesia Berita Berita

Dow climbs more than 200 points on the first trading day of May, retail stocks lead gains
Indonesia Berita Terbaru,Indonesia Berita utama

U.S. stocks climbed on Monday, the first trading day of May, as shares tied to the economic reopening continued to rise. The Dow rose 0.71%. The S&P 500 was up 0.27%. The Nasdaq fell 0.48%.

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for $5 billion. The sale allows Verizon to offload properties from the former internet empires of AOL and Yahoo.

Data going back to 1928 shows that the May-October period has the lowest average and median returns of any six-month period of the year with the S&P 500 up 66% of the time on an average return of 2.2%, according to Bank of America. "This is a small number of observations, but May-October has lackluster average and median returns after a November-April rally of at least 20%," Stephen Suttmeier, technical research strategist at Bank of America, said in a note.

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