Xinhua
15 Sep 2020, 02:29 GMT+10
NEW YORK, Sept. 14 (Xinhua) -- U.S. stocks ended higher on Monday, fueled by a rebound in big tech names.
The Dow Jones Industrial Average increased 327.69 points, or 1.18 percent, to 27,993.33. The S&P 500 rose 42.57 points, or 1.27 percent, to 3,383.54. The Nasdaq Composite Index rallied 203.11 points, or 1.87 percent, to 11,056.65.
Tesla shares soared 12.58 percent, contributing to the market. The stock was still down more than 15 percent for the month as of Monday's close.
Apple shares jumped 3 percent. Shares of the iPhone maker logged 10.6 percent of month-to-date loss.
All the 11 primary S&P 500 sectors closed higher, with real estate and technology up 2.16 percent and 2.07 percent, respectively, leading the gains.
U.S.-listed Chinese companies traded higher, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.
The moves followed a turbulent week on Wall Street that saw the Nasdaq book its worst week since March as investors rotated out of the tech sector.
For the week ending Friday, the Dow fell 1.7 percent, the S&P 500 dropped 2.5 percent and the Nasdaq shed 4.1 percent.
Get a daily dose of Iraq Sun news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.
More InformationMADRID, Spain: Liverpool footballer Diogo Jota and his younger brother, André Silva, have died in a car accident in Spain. Spanish...
LONDON, U.K.: An unrelenting heatwave sweeping across Europe has pushed early summer temperatures to historic highs, triggering deadly...
President Donald Trump's plans to build a space-based Golden Dome missile defense shield have drawn immediate criticism from China,...
NEW YORK CITY, New York: Paramount has agreed to pay US$16 million to settle a lawsuit brought by U.S. President Donald Trump over...
LONDON, U.K.: British Prime Minister Keir Starmer won a vote in Parliament this week to move ahead with changes to the country's welfare...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
WASHINGTON, D.C.: President Donald Trump will meet Israeli Prime Minister Benjamin Netanyahu at the White House on Monday. President...
GENEVA, Switzerland: A new United Nations report alleges that dozens of global corporations are profiting from and helping sustain...
LONDON, UK - Lawmakers in the United Kingdom have voted overwhelmingly to proscribe the direct-action group Palestine Action as a terrorist...
Raipur (Chhattisgarh) [India], July 5 (ANI): BJP MP Sudhanshu Trivedi on Saturday slammed Congress MP Rahul Gandhi over his remarks...
RIO DE JANEIRO, Brazil, 5th July, 2025 (WAM) - The United Arab Emirates, represented by Dr Thani bin Ahmed Al Zeyoudi, Minister of...
BEIJING, July 5 (Xinhua) -- No dull rows of chairs and tables, no endless slides of charts and numbers -- instead, a gleaming statue...