U.S. stocks rise amid tech rebound

Xinhua
15 Sep 2020, 06:59 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.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Iraq Sun.

More Information

26 ℃

Fair in Baghdad

International

Section

Reddy an Australian icon of women's liberation

"Show business", Helen Reddy once said, "was the only business that allowed you to earn the same salary as a ...

First and possibly last presidential debate, a debacle

CLEVELAND, Ohio - The future of presidential debates in the United States is up in the air after a chaotic, ...

Continued militarization of America feeding into racial tensions

The sculpture "Stand Tall, Stand Loud", conceived by the African American artist Aaron Bell, whose father once was a prominent ...

Kuwaiti Emir Sheikh Sabah al-Ahmad al-Sabah is dead at age of 91

KUWAIT City, KUWAIT - Kuwait's ruling Emir Sheikh Sabah al-Ahmad al-Sabah has passed away on Tuesday in a hospital in ...

Trump nominees soon to dominate Supreme Court if he is re-elected

In the hours after U.S. Supreme Court Justice Ruth Bader Ginsburg died, shocked Americans speculated about whether or not Republican ...

United States considering walking away from embassy in Baghdad

BAGHDAD, Iraq - The United States is threatening to close its embassy in Baghdad amid frustrations over attacks by Shi'ite ...

Arab

Section