U.S. stocks have clawed back some of their losses from last week.
U.S. stocks have clawed back some of their losses from last week
U.S. stocks have clawed back some of their losses from last week.
The S&P 500 rose 0.9% Monday to recover more than a quarter of last week’s rout. The Dow Jones Industrial Average added 0.7%, and the Nasdaq $NDAQ composite jumped 1.1%.
Technology stocks led the way as yields stabilized in the bond market. Bank stocks were also strong following better profits than expected from Truist Financial $TFC and others. They helped offset a drop for Tesla $TSLA, which announced more cuts to prices over the weekend. Tesla is one of roughly 150 companies in the S&P 500 set to report its earnings this week.
On Monday:
The S&P 500 rose 43.37 points, or 0.9%, to 5,010.60.
The Dow Jones Industrial Average rose 253.58 points, or 0.7%, to 38,239.98.
The Nasdaq composite rose 169.30 points, or 1.1%, to 15,451.31.
The Russell 2000 index of smaller companies rose 19.82 points, or 1%, to 1,967.47.
For the year:
The S&P 500 is up 240.77 points, or 5%.
The Dow is up 550.44 points, or 1.5%.
The Nasdaq is up 439.95 points, or 2.9%.
The Russell 2000 is down 59.60 points, or 2.9%.
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