Stocks climb on Wall Street as appetite for risk returns

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Stocks closed higher on Wall Street on Monday, and the rally helped the S&P's 500 index claw back more than half of its losses over the last two weeks.

Some of us are hoping that a year of remote work will lead to greater job flexibility. Others can’t wait to get out of the house.The S&P 500 index rose 41.19 points to 4,197.05. The index is now on track for a 0.4% monthly gain. The Dow Jones industrial average added 186.14 points, or 0.5%, closing at 34,393.98. The tech-heavy Nasdaq composite gained 190.18 points, or 1.4%, and ended at 13,661.17.

Smaller-company stocks also notched gains. The Russell 2000 index picked up 12.07 points, or 0.5%, to end at 2,227.34. Technology stocks accounted for a big share of the upward move in the market Monday, with semiconductor companies among the big gainers. Nvidia rose 4.1%, while Micron Technology added 2.7%. Among communication stocks, Facebook gained 2.7% and Twitter jumped 4.8%Digital currencies such as Bitcoin were volatile once again after plummeting over the last two weeks. Bitcoin climbed 17.6% to around $39,539, according to Coindesk. It was worth nearly $65,000 a month ago.

Virgin Galactic jumped 27.6% after the company made its first rocket-powered flight from New Mexico to the fringe of space in a manned shuttle over the weekend.

 

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