U.S. stocks rose sharply on Monday, recouping a chunk of the largest losses in two months, with investors heartened by a Federal Reserve official retaining a dovish tone in speaking about her take on the central bank’s monetary policy.
After Friday’s 2.5 percent slide, the S&P 500 (SPX) gained 31 points, or 1.5 percent, at 2,159. The Dow Jones Industrial Average (I: DJI) jumped 240 points, or 1.3 percent, to 18,325. The Nasdaq Composite (COMP) added 86 points, or 1.7 percent, to 5,212.
01:56 Trump Vows to Unveil Tax-Cut Plan Next Week, Surprising Staff122
01:02 The White House reveals what next week’s ‘big announcement’ on taxes will look like19
18:23 Trump says 'massive tax cut' coming in reform package being unveiled next week9
16:41 Obama to make first post-presidency public appearance in Chicago next week21