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Dow rises more than 400 points as stocks extend rally after best week since June

dow-rises-more-than-400-points-as-stocks-extend-rally-after-best-week-since-june

U.S. stocks advanced on Monday, adding to their gains after the best week for at least two of the three major indexes — the S&P 500 and the Dow — since June. The S&P 500 SPX, +1.19% finished 44.59 points, or 1.2%, higher at 3,797.34. The Dow Jones Industrial Average DJIA, +0.54% rose 417.06 points, or 1.3%, to climb to 31,499.62. The Nasdaq Composite COMP, +0.86% advanced 92.90 points, or 0.9%, to close at 10,952.61. The rally comes as investors cling to hopes that the Federal Reserve will slow the pace of its interest rate hikes after November, market strategists said.

Source: Marketwatch

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