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 February 12, 2018 - 12:21 PM EST
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Rally Continues by Noon from 2-Yr. Gulch

Rally Continues by Noon from 2-Yr. Gulch

U.S. stocks rose on Monday as the major indexes rebounded from their worst weekly performances in two years.

The Dow Jones industrial average screamed higher 364.62 points, or 1.5%, to 24,555.52. Cisco Systems and Apple were the best-performing stocks in the Dow, advancing 2.8% and 2.4%, respectively.

The S&P 500 gained 33.65 points, or 1.3%, to 2,653.20, with energy and tech as the best-performing sectors. Utilities and real estate were the worst-performing sectors as interest rates climbed higher.

The NASDAQ popped 104.49 points, or 1.5%, to 6,978.98

Among companies reporting earnings Monday were Molina Healthcare Inc., whose stock gave back 24 cents to $78.20.

The Dow and S&P 500 both pulled back 5.2% last week, notching their worst weekly declines since January 2016. The NASDAQ composite, meanwhile, dropped 5.1%, marking its biggest one-week pullback since February 2016. The indexes also dipped into correction territory.

Prices for the benchmark 10-year Treasury note fell slightly, raising yields to 2.86% from Friday's 2.85%. Treasury prices and yields move in opposite directions.

Oil prices recovered 47 cents a barrel to $59.67 U.S.

Gold prices shone brighter $10.30 to $1,326.00 U.S. an ounce.


Source: Livemoney (February 12, 2018 - 12:21 PM EST)

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