Stocks moved sharply lower in early trading on Monday but showed a substantial turnaround over the course of the session. The major averages climbed well off their worst levels and into positive territory, with the tech-heavy Nasdaq leading the recovery.
The major averages surged in the final hour of trading, closing not far off their highs. The Nasdaq jumped 308.27 points or 1.4 percent to 22,695.95, the S&P 500 advanced 55.96 points or 0.8 percent to 6,795.99 and the Dow climbed 239.25 points or 0.5 percent to 47,740.80.
Subscribe to continue reading the article.
This article is part of our premium content offering.Subscribe with a RTTNews subscription.
Subscribe NowAlready subscribed? Sign in
For comments and feedback: editorial@rttnews.com