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Stocks rally for 3rd session; banks surge and erase Dow's 2018 losses


Tuesday, 10 July 2018 03:18 WIB

DOW JONESS & P 500NasdaqSahamAS


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US stocks closed solidly higher on Monday, with major indexes posting their third straight day of gains as equities rose broadly, although financial stocks led the day's advance.

The Dow Jones Industrial Average closed gained 333 points, or up 1.3% to 24,787.  With the day's advance, the blue-chip average ended above its 50-day moving average for the first time since June 20. It also erased its losses for the year, ending up 0.2% for 2018 thus far. The S&P 500 gained 0.9% or 22 points, to 2,782and the Nasdaq Composite Index closed up 0.9% or 53 points, to 7,741.

Bank stocks were the biggest outperformers of the day by far, with the sector ending up 2.3%, its biggest one-day percentage gain since March 26. Among notable gainers, JPMorgan Chase & Co. gained 3.1% while Bank of America Corp. ended up 3.6%. Goldman Sachs Group Inc. ended up 2.8%.

Source : Marketwatch


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