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U.S. stocks remain on track to finish higher in final hour of trading

us stocks remain on track to finish higher in final hour of trading

All three major stock indexes remained up in the final hour of trading on Monday, helped by improved sentiment after better-than-expected earnings from Bank of America Corp. and a decision by new U.K. finance minister Jeremy Hunt to abandon the bulk of previously announced, unfunded tax cuts. Dow industrials DJIA, +1.86% were up by 538 points, or 1.8%, while the S&P 500 SPX, +2.65% was higher by 2.6%. Meanwhile, the Nasdaq Composite was up by 3.3%.

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