Stocks snap 5-day losing streak on strength in Apple, JPMorgan [MSN Money]
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Source: MSN Money
The major stock indexes snapped multiday losing steaks Thursday as J. P. Morgan Chase led banks higher and iPhone maker Apple bounced rebounded after dipping into bear market territory earlier in the week. Load Error The Dow erased a 200-point loss to finish the day up 208 points at 25,289 as both Apple and J.P. Morgan Chase climbed about 2.5 percent. Caterpillar rose 3.4 percent, while Walmart and Home Depot both weighed on the blue-chip index. The S&P 500 rose more than 1 percent to close at 2,730 as gains in financials, energy and technology offset losses in utility stocks. The tech-heavy Nasdaq added 1.7 percent to climb to 7,259 as Alphabet added 1.5 percent and Netflix gained 1.1 percent. The gains Thursday snap a five-day losing streak in the S&P 500 and a four-day losing streak in the Dow. Equities also appeared to rally Thursday afternoon after a report said that the U.S. and China have doubled down on efforts to reach an agreementin the growing trade war
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