Wall Street Bounces Back, Approaching All-Time High

After a slow start to the year, Wall Street rallied to recover most of its losses.

On Monday, the S&P 500 surged by 1.4 percent, bringing it within 1 percent of its all-time high. The Nasdaq composite also saw a significant increase of 2.2 percent, while the Dow added 0.6 percent.

Although Boeing’s inflight blowout and a drop in crude oil prices affected the Dow and oil-and-gas companies, the gains made by Big Tech stocks and other sectors outweighed these losses. The market was further supported by easing Treasury yields.

Market Performance on Monday

• The S&P 500 rose by 66.30 points, or 1.4 percent, closing at 4,763.54.
• The Dow Jones Industrial Average increased by 216.90 points, or 0.6 percent, reaching 37,683.01.
• The Nasdaq composite surged by 319.70 points, or 2.2 percent, ending at 14,843.77.
• The Russell 2000 index of smaller companies experienced a gain of 37.86 points, or 1.9 percent, closing at 1,989.01.

Year-to-Date Performance

• The S&P 500 is down by 6.29 points, or 0.1 percent.
• The Dow is down by 6.53 points, or less than 0.1 percent.
• The Nasdaq is down by 167.58 points, or 1.1 percent.
• The Russell 2000 is down by 38.07 points, or 1.9 percent.

The Epoch Times copyright © 2024.
The views and opinions expressed are those of the authors.
They are meant for general informational purposes only and should not be construed or interpreted as a recommendation or solicitation.
The Epoch Times does not provide investment, tax, legal, financial planning, estate planning, or any other personal finance advice.
The Epoch Times holds no liability for the accuracy or timeliness of the information provided.