U.S. stocks closed higher Monday, with the S&P 500 exiting correction territory, as all three major indexes extended their three-week winning streak. The Dow Jones Industrial Average DJIA ended 0.6% higher, while the S&P 500 SPX gained 0.7% and the Nasdaq Composite COMP climbed a sharp 1.1%, according to preliminary data from FactSet. The S&P 500 finished Monday at around 4,547, surpassing the level it needed to reach at closing to exit from correction territory it’s been in since Oct. 27, according to Dow Jones Market Data. Stocks fall into correction when they close at least 10% below a recent peak, and they exit that territory with a close of at least 10% above their correction low.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
0
0
