Goldman Sachs gained 1.8% after it struck a deal to sell an investment advisory business to wealth management firm Creative Planning LLC. – ReuterspicWall Street ended higher on Monday , with gains in 3M and Goldman Sachs ahead of key inflation and jobs data this week that will offer more clues on the Federal Reserve’s interest rate path.
The Dow Jones Industrial Average rose 217.19 points, or 0.63%, to 34,559.98, the S&P 500 gained 27.6 points, or 0.63%, to 4,433.31 and the Nasdaq Composite added 114.49 points, or 0.84%, to 13,705.13. “The fact that Powell didn’t come out and say anything particularly hawkish or particularly unnerving to markets – that has proven to make this a bit of a risk-on day, even if he wasn’t outright dovish either,” said Ross Mayfield, Investment Strategy Analyst at Baird.
Goldman Sachs gained 1.8% after the lender struck a deal to sell an investment advisory business to wealth management firm Creative Planning LLC.