Dow Racks Up Gains as Cyclicals Run Higher on Reopening Momentum By Investing.com
By Yasin Ebrahim Investing.com – The Dow closed higher Monday as signs of a faster reopening of the economy pushed cyclicals corners of the market including energy and materials higher. The Dow Jones Industrial Average ended up 0.70%, or 239 points, the S&P 500 was up 0.27%, and the Nasdaq Composite was down 0.44%. Energy led the broader market higher, underpinned by rising oil prices as investors renewed bets on a recovery in global demand despite Covid-19 cases in India that continue to mount. "Support from the economy’s reopening is being reinforced by aggressive fiscal and...
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