US stocks rebound to open big earnings week
The Peninsula
New York: Wall Street stocks powered higher Monday, shrugging off recent weakness at the start of a heavy week of earnings from technology and industr...
New York: Wall Street stocks powered higher Monday, shrugging off recent weakness at the start of a heavy week of earnings from technology and industrial companies.
"The markets are breathing a collective sigh of relief that the tensions in the Middle East didn't escalate," said Adam Sarhan of 50 Park Investments.
Stocks tumbled on Friday, in part due to selling ahead of the weekend amid fears of a worsening in the Israel-Iran conflict.
The Dow Jones Industrial Average finished up 0.7 percent at 38,239.98.
The broad-based S&P 500 gained 0.9 percent to 5,010.60, while the tech-rich Nasdaq Composite Index jumped 1.1 percent to 15,451.31.
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