Dow Surges 669 Points

Its biggest gain since August 2015
By Newser Editors and Wire Services
Posted Mar 26, 2018 3:21 PM CDT
Dow Surges 669 Points
Trader Kevin Walsh works on the floor of the New York Stock Exchange, Monday, March 26, 2018.   (AP Photo/Richard Drew)

The Dow Jones industrial average surged nearly 670 points, erasing nearly half the ground it lost last week and marking the biggest gain since August 2015, the AP reports. The broad gains Monday were led by technology stocks and banks, which took some of the biggest losses last week as trade tensions flared between the US and China. Investors were encouraged by signs Washington and Beijing are open to negotiating on trade. Microsoft jumped 7.6% and Bank of America climbed 4.4%. The Dow rose 669 points, or 2.8%, to 24,202. The S&P 500 climbed 70 points, or 2.7%, to 2,658. The Nasdaq climbed 227 points, or 3.3%, to 7,220. (Read more stock market stories.)

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