Dow Racks Up Gains in Broad Rally as Risk Appetite Returns By Investing.com
By Yasin Ebrahim Investing.com – The Dow racked up gains Monday as a sea of green swept across cyclicals and value corners of the market amid a rebound in risk appetite following last week's rout. The Dow Jones Industrial Average jumped 1.8%, or 586 points, the S&P 500 rose 1.4%, the and the Nasdaq Composite was up 0.79%. Energy led the broader market higher, up 4% as investors continued to bet on higher oil demand, while the prospect of the return of Iranian supply was pushed out further after Ebrahim Raisi won the country’s presidential election. Raisi...
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