The stock market staged a late-day rally Monday, helping push the Dow Jones industrial average higher for the first time in a week. Investors had a couple pieces of positive news to get behind: a decent earnings report from Berkshire Hathaway and the announcement of a rescue package for a struggling Portuguese bank.
The Dow added 75.91 points, or 0.5 per cent, to close at 16,569.28.
The Standard & Poor’s 500 index rose 13.84 points, or 0.7 per cent, at 1,938.99.
The Nasdaq composite rose 31.25 points, or 0.7 per cent, to 4,383.89.
For the year:
The Dow is down 7.38 points, or 0.04 per cent.
The S&P 500 index is up 90.63 points, or 4.9 per cent.
The Nasdaq is up 207.30 points, or 5 per cent.