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Wall Street up for second straight day, clawing back after sell-off


Tuesday, 13 February 2018 00:14 WIB

Standard & Poor's 500Saham AS


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Wall Street's main indexes rose for a second straight session on Monday, led by gains in technology and financial stocks, after its worst week in two years as the specter of rising inflation led to fears of accelerated interest rate hikes.

Nine of the 11 major S&P sectors were higher, with only the interest-rate sensitive utilities and real estate indexes in the red.

the Dow Jones Industrial Average was up 287.18 points, or 1.19 percent, at 24,478.08. The S&P 500 was up 25.88 points, or 0.99 percent, at 2,645.43. The Nasdaq Composite was up 86.88 points, or 1.26 percent, at 6,961.37.

Despite gains of about 1.5 percent on Friday, the three indexes are still 6 percent to 6.5 percent lower since Feb. 2, when strong U.S. jobs and wages growth data sparked inflation fears, igniting a rally in bond yields and a sell-off in stocks.

Source: Reuters


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