Dow Ends Day Up 354

Nasdaq, S&P 500 also close higher
By Newser Editors and Wire Services
Posted Nov 26, 2018 3:13 PM CST
Dow Ends Day Up 354
Specialist Matthew Greiner works at a post on the floor of the New York Stock Exchange, Monday, Nov. 26, 2018.   (AP Photo/Richard Drew)

(Newser) – Stocks rose broadly on Wall Street after taking big losses last week, the AP reports. Technology companies recovered some of their recent losses on Monday. Microsoft climbed 3.3%. Retailers and travel companies also climbed on the first full trading day of the holiday shopping season. Amazon jumped 5.3%. General Motors surged 4.8% after saying it will lay off 14,000 workers in North America as it refocuses on autonomous and electric vehicles. Banks rose as interest rates turned higher. Citigroup jumped 3.2%. The S&P 500 index rose 40 points, or 1.6%, to 2,673. The Dow Jones Industrial Average gained 354 points, or 1.5%, to 24,640. The Nasdaq climbed 142 points, or 2.1%, to 7,081. (Read more stock market stories.)

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