Dow Jumps More Than 200 Points as Market Rebounds From Worst Week of The Year
U.S. stocks jumped Monday as Wall Street tried to recover some of the steep losses suffered last week.
The Dow Jones Industrial Average traded 260 points higher, or 0.7%. The S&P 500 gained 0.8%, and the Nasdaq Composite climbed nearly 1%.
Boeing shares led the way higher for the Dow, rising 3.3%. American Express and Caterpillar also advanced more than 1%. Tech and communication services were the best-performing S&P 500 sectors, advancing more than 1% each.
The stock market suffered serious losses to kick off its first trading week of September, a historically tough month for equities. The S&P 500 tumbled 4.3%, registering its worst week since March 2023. The Nasdaq Composite plunged 5.8% for its worst weekly performance since 2022, while the 30-stock Dow dropped 2.9%.
Source : CNBC
