Stocks stage a dramatic comeback Monday to end higher

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 25 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 97%

South Africa News News

South Africa South Africa Latest News,South Africa South Africa Headlines

Stocks rallied late Monday to end higher, dulling some of the pain of a brutal April selloff. The Dow Jones Industrial Average rose about 86 points, or 0.3%, to end near 33,063, after tumbling to 32,449.87 at the session's low:

Stocks rallied late Monday to end higher, dulling some of the pain of a brutal April selloff. The Dow Jones Industrial Average DJIA, +0.26% rose about 86 points, or 0.3%, to end near 33,063, after tumbling to 32,449.87 at the session's low. The S&P 500 index SPX, +0.57% advanced 0.6% and the Nasdaq Composite Index COMP, +1.63% closed up 1.6%. The rally came despite the continued climb of the 10-year Treasury yield to 2.

995% on Monday, the highest since November 30, 2018, according to Dow Jones Market Data. Rates volatility has been significant factor this year in dramatic bond-market losses, as well as the sharp decline in once highflying technology stocks. The upswing for equities also comes ahead of a two-day Federal Reserve policy meeting that kicks off Tuesday, with the central bank widely anticipated to raise its policy rate by 50 basis points at the end of the gathering on Wednesday.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

ad nauseam.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in ZA

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Asia-Pacific Stocks Mixed as Data Show Chinese Factory Activity Contracted in AprilChinese economic data released over the weekend showing a contraction in April factory activity may weigh on regional investor sentiment today.
Source: NBCDFW - 🏆 288. / 63 Read more »

Stocks imploded in April, what’s ahead for May?April was the worst month since March of 2020 for the S&P 500 and Dow, for the tech-heavy Nasdaq it was the worst since October 2008. Tesla an 'extremely overvalued stock' $tsla
Source: FoxBusiness - 🏆 458. / 53 Read more »