Better Economic News Sends Stocks Higher

Dow ends day up 329
By Newser Editors and Wire Services
Posted Apr 1, 2019 3:16 PM CDT
Better Economic News Sends Stocks Higher
In this March 18, 2019, file photo specialist Meric Greenbaum, left, and trader Fred DeMarco work on the floor of the New York Stock Exchange.   (AP Photo/Richard Drew, File)

A brighter outlook on the global economy helped send US stocks solidly higher on Wall Street, the AP reports. In another hopeful sign, long-term bond yields rose above their recent lows Monday, following a sharp drop last month that had spooked investors. Banks led the way higher. JPMorgan Chase and Bank of America each jumped 3.4%. Technology companies also rose. Intel climbed 1.5%. Lyft sank 12%, giving up the gains it posted on its first day of trading Friday. The S&P 500 index rose 32 points, or 1.2%, to 2,867. The Dow Jones Industrial Average rose 329 points, or 1.3%, to 26,258. The Nasdaq rose 99 points, or 1.3%, to 7,828. Bond prices fell. The yield on the benchmark 10-year Treasury note rose to 2.50%. (More stock market stories.)

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