US Stock Indexes Jump Following Big Gains in Europe
Technology companies are climbing, with open-source software company
Internet and media companies are rising and so are companies that make and sell consumer goods.
Stocks in
German stocks rose even though longtime German Chancellor Angela Merkel said she won’t run for another term in 2021. The Bovespa in
KEEPING SCORE: The S&P 500 index climbed 35 points, or 1.3 percent, to 2,693 as of . The Dow Jones Industrial Average rose 229 points, or 0.9 percent, to 24,918.
The Nasdaq composite gained 86 points, or 1.2 percent, to 7,253. The Russell 2000 index of smaller-company stocks added 19 points, or 1.3 percent, to 1,503.
Stocks have plunged since early October and trading has been especially volatile the last few days. The S&P 500 stage a big rally Thursday, and then gave up virtually all of those gains Friday before climbing Monday. The S&P 500 is down 7.6 percent this month, which would be its worst monthly loss since .
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The CAC 40 in
BONDS: Bond prices fell. The yield on the 10-year Treasury note rose to 3.10 percent from 3.07 percent.
ENERGY: Benchmark
CURRENCIES: The dollar rose to 112.53 yen from 111.85 yen. The euro fell to $1.1371 from $1.1412.
AP Markets Writer Marley Jay can be reached at http://twitter.com/MarleyJayAP