Stocks rebounded on Monday from a big sell-off on Friday. Gains were led by industrials and technology companies. The market had slumped on Friday after a strong jobs report boosted expectations that the Federal Reserve would raise interest rates as early as June.
The Dow Jones industrial average rose 138.94 points, or 0.8 per cent, to 17,995.72.
The Standard & Poor’s 500 index gained 8.17 points, or 0.4 per cent, to 2,079.43.
The Nasdaq composite rose 15.07 points, or 0.3 per cent, to 4,942.44.
For the year:
The Dow is up 172.65 points, or 1 per cent.
The S&P 500 index is up 20.53 points, or 1 per cent.
The Nasdaq is up 206.38 points, or 4.4 per cent.