The Dow Jones Industrial Average climbed 417.06 points, or 1.3%, to 31499.62, its highest closing level in six weeks. The S&P 500 advanced 44.59, or 1.2%, to 3797.34. The technology-heavy Nasdaq Composite rose 92.90, or 0.9%, to 10952.61, bouncing back after it started the day in the red.
Traders work on the floor of the New York Stock exchange during morning trading on October 18, 2022, in New York City. Still, he cautioned that such hopes would likely be dashed by continuing high inflation and low unemployment, which would pressure the central bank to maintain its hawkish stance.
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Dow rises more than 400 points as stocks extend rally after best week since JuneU.S. stocks advanced on Monday, adding to their gains after the best week for at least two of the three major indexes — the S&P 500 and the Dow — since June. The Dow Jones Industrial Average rose 417.06 points, or 1.3%, to climb to 31,499.62:
Source: MarketWatch - 🏆 3. / 97 Read more »
Stocks notch second day of gains Monday, Dow closes more than 400 points higherThe three major indexes closed higher Monday as traders tried to add to sharp gains seen last week and weighed the latest moves in rates. The Dow gained 1.34%. The S&P 500 rose 1.19%. The Nasdaq was up 0.86%. an insane recovery if you put political & economic environment aside. Hopefully stock market isn't anticipating anything too quickly or too much. Also with regard to interest rate expectations. That's why 31,000 to 32,500 are goal by the end 2022 - regardless of quarterly reports Wow.. Animation of today's moves in the S&P 500.
Source: CNBC - 🏆 12. / 72 Read more »