Stock market today: Wall Street gains ground after shaking off four-week losing streak

posted in: All news | 0

By JIANG JUNZHE and MATT OTT, Associated Press

Stocks rose in morning trading Monday as Wall Street tries to navigate through uncertainty amid a trade war.

The S&P 500 jumped 1.1%. It is coming off its first winning week after a four-week losing streak. The Dow Jones Industrial Average rose 0.7% and the Nasdaq composite rose 1.5%. Wall Street remains focused on how tariffs could eventually impact inflation, consumer spending and economic growth.

Stocks have been riding waves of hope and worry as tariffs are announced, then either implemented or pulled. Genetics testing company 23andme plunged after it announced over the weekend that it had initiated voluntary bankruptcy proceedings.

Leave a Reply

Your email address will not be published.