Stocks Business

Dow soars 800 points, new intraday records, stay-at-home stocks fade

Monday’s session by the numbers

  • Dow closed up 2.95% after hitting a new intraday all-time high of 29,933.83 for the first time since Feb. 12
  • Dow had its best day since June 5
  • Dow is up 2.17% year to date
  • S&P 500 rose 1.17% after hitting a new intraday all-time high of 3,645.99 for the first time since Sep. 2
  • S&P 500 is up 9.90% year to date
  • Seven out of 11 sectors were positive Monday led by energy up 14.2% for its best day since May 24
  • Nasdaq closed down 1.53% for its first negative day in six after hitting a new intraday all-time high of 12,108.07 for the first time since Sep. 2
  • Nasdaq is up 30.55% year to date.

— Gina Francolla, Jesse Pound

Dow, S&P 500 finish banner day

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Here’s Why American Express, Discover, and Funds 1 Fiscal Shares Are Soaring on Monday

What occurred

The inventory market place was obtaining one particular of its ideal single-working day rallies of all time on Monday. The Dow Jones Industrial Ordinary opened at an all-time large and was much more than 1,100 points greater for the working day at 10:50 a.m. EST. The S&P 500 was up by just about 3%, and most other significant averages were nicely into beneficial territory.

With an upside move of virtually 8% on the day, the financial sector was a person of the market’s best performers. And credit card shares were being executing even far better. American Specific (NYSE:AXP) was up by a lot more than 18% and fellow credit card lender/processor Learn (NYSE:DFS) was 12% higher. Credit score card-concentrated lending establishment Funds A person (NYSE:COF) was primary the demand among the the branch-based mostly U.S. banks, with shares higher by over 13% in Monday’s rally.

Graphic resource: Getty

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