US Markets Rise in Mid Day Trading

U.S. stocks rose Monday with the Dow Jones Industrial Average bouncing back from a four-session losing streak as investors tried to look beyond the looming threat of a global trade war and instead focused on positive economic data.

The Dow DJIA, +0.75% bounced back from an earlier decline to gain 132 points, or 0.5%, to 24,470.

The S&P 500 index SPX, +0.77% rose 16 points, or 0.6%, to 2,707 with all 11 subsectors trading higher. The Nasdaq Composite Index COMP, +0.76% added 34 points, or 0.5%, to 7,292.

Last week, stocks logged hefty losses, with the Dow dropping 3% and notching its fourth-straight-session loss. The S&P 500 shed 2% for the week and the Nasdaq declined 1.1%.

Rattling some investors was news that Sunday’s Italian election is expected to end in a hung parliament, as populist euroskeptic parties made a better showing than forecast. That is seen as signaling a protracted period of political uncertainty for the eurozone’s fourth-biggest economy.

via MarketWatch

Content is for general information purposes only. It is not investment advice or a solution to buy or sell securities. Opinions are the authors; not necessarily that of OANDA Business Information & Services, Inc. or any of its affiliates, subsidiaries, officers or directors. If you would like to reproduce or redistribute any of the content found on MarketPulse, an award winning forex, commodities and global indices analysis and news site service produced by OANDA Business Information & Services, Inc., please access the RSS feed or contact us at info@marketpulse.com. Visit https://www.marketpulse.com/ to find out more about the beat of the global markets. © 2023 OANDA Business Information & Services Inc.