Stocks rose Monday morning as market participants considered more earnings results and the potential for more virus-related stimulus measures.
The Dow Jones Industrial Average jumped Monday, as shares of previously beaten down or lagging cyclical sectors saw renewed investor interest at the expense of highflying tech shares. Investors were also assessing the outlook for coronavirus aid after President Donald Trump signed executive orders over the weekend that would extend a number of measures. The Dow rose around 358 points, or 1.3%, to close near 27,792, according to preliminary figures, while the S&P 500 gained around 9 points, or 0.3%, to finish near 3,361. The tech-heavy Nasdaq Composite fell by around 43 points, or 0.4%, ending near 10,968.
Stock-market benchmarks are mostly higher on Monday as investors monitor signs that a long-awaited rotation on Wall Street into more economically sensitive cyclical stocks could be brewing, but at the expense of their highflying counterparts.