Dow rallies 1,000 points as Wall Street rebounds from last week's sell-off [CNBC]
Dow Inc. (DOW)
Last dow inc. earnings: 4/30 06:00 am
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Source: CNBC
Stocks jumped on Monday as rebounded from a steep sell-off in the previous week.TheDow Jones Industrial AverageS&P 500Nasdaq CompositeAmerican Express gained more than 10% to lead the Dow higher. Dow Inc, Raytheon Technologies and JPMorgan Chase rose more than 7% each. The S&P 500 was led by the industrials and financials sectors, both of which traded more than 5% higher. stocks such as Nordstrom, Kohl's and Macy's also rose sharply.The bullish sentiment was driven by a number of factors:Incoming data suggests NY state might peak sooner than Cuomo's optimistic case," Tom Lee, head of research at Fundstrat, said in a note to clients. "With better visibility on the healthcare crisis in the US, particularly, on a potential to model a national peak, we believe buyers are now taking control."Last week, the major averages posted their third weekly decline in four. The Dow slid 2.7% while the S&P 500 lost 2.1%. The Nasdaq Composite closed last week down 1.7%. Stocks are also deep in bear-m
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