Stocks closed higher on Wall Street, ending a four-day losing streak
ByThe Associated Press
September 9, 2024, 4:19 PM
Stocks closed higher on Wall Street, ending a four-day losing streak.
The S&P 500 added 1.2% Monday. The benchmark index is coming off its worst week in nearly a year and a half. The Dow Jones Industrial Average and the Nasdaq composite also rose 1.2%.
Boeing helped lead the market after reaching a tentative deal with its largest union on a new contract. Palantir Technologies and Dell Technologies rose after being named to join the S&P 500.
Yields held relatively steady in the bond market ahead of reports coming this week on inflation at both the wholesale and consumer levels.
On Monday:
The S&P 500 rose 62.63 points, or 1.2%, to 5,471.05.
The Dow Jones Industrial Average rose 484.18 points, or 1.2%, to 40,829.59.
The Nasdaq composite rose 193.77 points, or 1.2%, to 16,884.60.
The Russell 2000 index of smaller companies rose 6.37 points, or 0.3%, to 2,097.78.
For the year:
The S&P 500 is up 701.22 points, or 14.7%.
The Dow is up 3,140.05 points, or 8.3%.
The Nasdaq is up 1,873.25 points, or 12.5%.
The Russell 2000 is up 70.70 points, or 3.5%.