Thu, 26 Nov 2020

U.S. stocks stronger, Nasdaq adds more than 200 points

Xinhua/Big News Network
15 Sep 2020, 07:49 GMT+10

NEW YORK, New York Sept. 14 (Xinhua/Big News Network) -- U.S. stocks ended higher on Monday, fueled by a rebound in big tech names.

The Dow Jones Industrial Average increased 327.69 points, or 1.18 percent, to 27,993.33.

The S&P 500 rose 42.57 points, or 1.27 percent, to 3,383.54.

The Nasdaq Composite Index rallied 203.11 points, or 1.87 percent, to 11,056.65.

Tesla shares soared 12.58 percent, contributing to the market. The stock was still down more than 15 percent for the month as of Monday's close.

Apple shares jumped 3 percent. Shares of the iPhone maker logged 10.6 percent of month-to-date loss.

All the 11 primary S&P 500 sectors closed higher, with real estate and technology up 2.16 percent and 2.07 percent, respectively, leading the gains.

U.S.-listed Chinese companies traded higher, with all the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

The moves followed a turbulent week on Wall Street that saw the Nasdaq book its worst week since March as investors rotated out of the tech sector.

For the week ending Friday, the Dow fell 1.7 percent, the S&P 500 dropped 2.5 percent and the Nasdaq shed 4.1 percent.

On forex markets Monday, the U.S. dollar was mixed. The euro was little changed at 1.1866. The British pound drifted down to 1.2847. The Japanese yen was stronger at 105.71. The Swiss franc eased to 0.9082.

The Canadian dollar was a fraction weaker at 1.3172. The Australian dollar rose to 0.7290. The New Zealand dollar was firmer at 0.6702.

Overseas, the FTSE 100 in London lost 0.10 percent. The German Dax was down 0.07 percent, while the Paris-based CAC 40 climbed 0.35 percent.

On Asian markets, in Tokyo, the Nikkei 225 rose 152.81 points or 0.65 percent to 23,559.30. The broader Topix advanced 0.93 percent to 1,651.91, while hitting its highest level since 21 February.

China's Shanghai Composite appreciated 18.47 points or 0.57 percent to 3,278.81.

The Australian All Ordinaries climbed 39.60 points or 0.66 percent to 6,078.50.

In Hong Kong, the Hang Seng rose 136.97 points or 0.56 percent to 24,640.28.

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