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U.S. stocks soared on Monday — buoyed by a round of solid bank results and a reversal of tax cut plans in the U.K. — as investors assembled for a big week of corporate earnings.
All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
The S&P 500 bounced roughly 2%, while the Dow Jones Industrial Average gained nearly 550 points, or 1.9% after both major averages hit fresh 2022 lows this week. The Nasdaq Composite rallied about ...
Stock market news live updates: Stocks deliver best weekly performance since November 2020 as S&P 500 jumps 6% from last week
Chip stocks helped extend the winning streak across tech to start the week, with shares of Advanced Micro Devices and Nvidia each rising 9.2% and 7.6%, respectively, on Monday.
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U.S. stocks pushed forward Monday as investors geared up for another week of potentially market-moving events: the Nov. 8 midterm elections and October consumer price data.
A trader works at the New York Stock Exchange NYSE in New York, the United States, on Aug. 26, 2022. (Photo by Xinhua via Getty Images) (Xinhua News Agency via Getty Images)