NEW YORK–US stocks rebounded Monday from last week’s Ukraine-linked setback as fears of a clash with Russia ebbed, with the Dow surging 1.1 percent and Nasdaq reaching a 14-year high.
Markets also got a spark from a brewing bidding war over the discount retail sector by the three “Dollar” chains.
The Dow Jones Industrial Average finished up 175.83 points (1.06 percent) at 16,838.74.
The broad-based S&P 500 added 16.68 (0.85 percent) at 1,971.74, while the tech-rich Nasdaq Composite gained 43.39 (0.97 percent) to 4,508.31.
The Dow had led a sell-off Friday amid worries of a looming clash between Russian and Ukraine forces. B…Keep on …read more
Source: The Philippine Daily Inquirer
