U.S. stocks climbed Monday and clawed back a chunk of their losses from last week, which was the worst for the S&P 500 in more than a year. The S&P 500 rose 0.9% to recover more than a quarter of last week’s rout. The Dow Jones Industrial Average added 253 points, or 0.7%, and the Nasdaq composite jumped 1.1%. The rally was widespread, and most stocks across Wall Street rose.
Its stock swung from an early gain to a loss of 4.7% after it reported weaker revenue for the first quarter than expected and kept its forecast for full-year profit the same. All told, the S&P 500 rose 43.37 points to 5,010.60. The Dow gained 253.58 to 38,239.98, and the Nasdaq jumped 169.30 to 15,451.31. Even more pressure than usual is on companies to deliver fatter profits and revenue.
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