Wall Street keeps rallying, close to trim last week's losses
- US indexes advanced over 1.0% each again, nearing pre-Payrolls' sell-off levels.
- Wall Street advanced for a fifth consecutive day.
US indexes closed with strong gains after a knee-jerk slump mid-US afternoon, with the Dow Jones Industrial Average adding whopping 306 points, to close at 25,200.37, the Nasdaq Composite gaining 112 points, to 7,256.43 and the S&P advancing 1.21%, to end at 2,731.20.
The DJIA is now "just" 300 points below the 25,509 level where it stood ahead of the release of US Nonfarm Payroll report earlier this month that trigger a roughly 1,500 points decline. Equities were helped by easing yields that retreated after hitting fresh 4-year highs ahead of the opening.
Technology related equities were again among the best performers and leading the way higher, and within the Dow, Cisco Systems was the best performer by adding 4.73%, followed by Apple that added 3.28%. US tech-index is up 5.1% for the year.
Despite late oil prices' recovery, energy-related equities were the worst performers, with Exxon Mobil shedding 0.50% and Chevron losing 0.16%.
Author
Valeria Bednarik
FXStreet
Valeria Bednarik was born and lives in Buenos Aires, Argentina. Her passion for math and numbers pushed her into studying economics in her younger years.
