Dow Jones rallies 484 points as U.S. stocks rebound

NEW YORK, New York – U.S. stocks moved higher Monday in a positive start to the week, pushing aside the gloom of last week’s heavy losses.

“I do think you have a little short-term bounce here, we were a little bit oversold last week. However, the markets are very focused on how the economy is going to be now, rather than what inflation is going to do and what the economy is going to do,” Sarat Sethi, managing partner at DCLA told CNBC Monday.

“When the uncertainty starts building … first thing you do is take some money off, especially since you’ve had such a good run this year,” Sethi said.

On Monday all major indices closed the day in positive territory.

The S&P 500 climbed by 62.63 points, closing at 5,471.05, a rise of 1.16 percent. Trading volume was robust, with 2.522 billion shares exchanging hands.

The Dow Jones Industrial Average also experienced a strong rally, gaining 484.18 points to close at 40,829.59, an increase of 1.20 percent. The Dow saw a trading volume of 368.113 million shares.

The NASDAQ Composite followed a similar trend, rising 193.77 points to finish at 16,884.60, reflecting an increase of 1.16 percent. Trading activity was particularly high, with 4.398 billion shares traded throughout the session.

These gains reflect growing investor optimism, supported by positive economic data and corporate earnings, fueling confidence across U.S. markets.

U.S. dollar edges higher in cautious trading

In currency markets on Monday, the US Dollar Index gained 0.41 points to close at 101.58, an increase of 0.40 percent. The MSCI Europe rose by 1.62 points, ending at 2,150.29, a gain of 0.08 percent.

The British Pound Currency Index fell by 0.55 points, closing at 130.77, a decline of 0.42 percent, while the Euro Currency Index dropped by 0.45 points, closing at 110.40, down 0.41 percent.

The Japanese Yen Currency Index decreased by 0.29 points, to 142.92, a decline of 0.41 percent, while the Australian Dollar Currency Index slipped by 0.11 points, last trading at 66.58, down 0.16 percent.

Global Stock Markets Close Monday on a Mixed Note

On Monday, global stock markets reflected a diverse set of trends, with several major indices ending the day in positive territory while others, particularly in Asia, experienced declines.

CANADA

Canada’s benchmark S&P/TSX Composite Index also posted gains, advancing by 245.72 points to close at 23,027.15, marking a 1.08 percent increase. Trading volume for the day reached 247.012 million shares.

UNITED KINGDOM

The FTSE 100 in London climbed 89.37 points to close at 8,270.84, registering a 1.09 percent increase.

EUROPE

In Germany, the DAX Performance Index rose by 141.66 points, ending the session at 18,443.56, up 0.77 percent.

France’s CAC 40 followed suit, gaining 72.96 points to close at 7,425.26, up 0.99 percent.

The broader pan-European ESTX 50 PR.EUR rose 40.60 points to finish at 4,778.66, an increase of 0.86 percent, while the Euronext 100 Index advanced 12.78 points to close at 1,452.84, a rise of 0.89 percent.

Belgium’s BEL 20 outperformed with a 1.67 percent gain, adding 69.73 points to close at 4,240.57.

ASIA

In Asia, results were mixed, but mostly lower. The Hang Seng Index in Hong Kong dropped 247.34 points, closing at 17,196.96, a decrease of 1.42 percent.

China’s SSE Composite Index experienced a loss of 29.32 points, closing at 2,736.49, down 1.06 percent, and Japan’s Nikkei 225 declined by 175.72 points, closing at 36,215.75, down 0.48 percent.

Singapore’s STI Index performed well, gaining 42.06 points to reach 3,496.53, an increase of 1.22 percent.

In India, the S&P BSE Sensex advanced by 375.61 points, closing at 81,559.54, reflecting a gain of 0.46 percent.

Malaysia’s FTSE Bursa Malaysia KLCI saw a slight decline of 1.63 points, ending the day at 1,651.49, down 0.10 percent.

In South Korea the KOSPI Composite Index declined by 8.35 points to end at 2,535.93, a loss of 0.33 percent.

Taiwan’s TSEC Weighted Index dropped 290.75 points, closing at 21,144.44, down 1.36 percent.

OCEANIA

Australia’s S&P/ASX 200 fell 25.30 points to close at 7,988.10, a drop of 0.32 percent, while the Australian All Ordinaries dipped 22.90 points to end at 8,191.90, down 0.28 percent.

New Zealand’s S&P/NZX 50 barely edged higher, gaining 6.11 points to close at 12,621.62, up 0.05 percent.

MIDDLE EAST

Israel’s TA-125 fell by 6.76 points, finishing at 2,033.98, a drop of 0.33 percent.

Other markets also showed varied performances. Egypt’s EGX 30 Price Return Index gained 101.30 points, closing at 30,375.00, up 0.33 percent.

AFRICA

South Africa’s Top 40 USD Net TRI Index saw a decline of 26.93 points, ending at 4,438.70, down 0.60 percent.

Markets remain volatile, with mixed reactions across global indices reflecting varying economic factors. Investors will be closely watching upcoming economic data releases for further market direction.