U.S. stocks rallied to recover most of their sharp loss from Friday’s wipeout.
The S&P 500 rose 1.5 percent Monday, following its worst day since May. The Dow Jones Industrial Average jumped 1.3 percent, and the Nasdaq composite climbed 2 percent. Gains for Tyson Foods and other companies following better-than-expected profit reports helped offset a drop for Berkshire Hathaway.
This upcoming week may have fewer fireworks on Wall Street than last week, which was punctuated by a disappointingly weak report on the U.S. job market. That raised worries that President Donald Trump’s tariffs may be punishing the economy.
On Monday:
The S&P 500 rose 91.93 points, or 1.5 percent, to 6,329.94.
The Dow Jones Industrial Average rose 585.06 points, or 1.3 percent, to 44,173.64.
The Nasdaq composite rose 403.45 points, or 2 percent, to 21,053.58.
The Russell 2000 index of smaller companies rose 45.52 points, or 2.1 percent, to 2,212.30.
For the year:
The S&P 500 is up 448.31 points, or 7.6 percent.
The Dow is up 1,629.42 points, or 3.8 percent.
The Nasdaq is up 1,742.79 points, or 9 percent.
The Russell 2000 is down 17.85 points, or 0.8 percent.
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