Wall Street rallies: S&P 500 +2.3% as tech shares lead
Monday 9 November: the S&P 500 rallied 2.3% to 7,549.94, the Nasdaq Composite +2.7% and the Dow +2.2%.
US stocks jumped on Monday, with the S&P 500 gaining 2.3% as technology shares led the advance. The S&P 500 jumped 2.3% to 7,549.94, the Nasdaq Composite jumped 2.7% to 25,253 and the Dow Jones jumped 2.2% to 52,390.
Technology was the strongest of the 11 sectors, up 4.4% on average, while consumer staples was the weakest at +1.1%. Coherent (COHR) led the gainers with a 16.8% jump, ahead of Monolithic Power Systems (MPWR) at 16.6% and Advanced Micro Devices (AMD) at 13.3%. On the downside, First Solar (FSLR) fell 4.7%, Nvidia (NVDA) 4.3% and Take Two Interactive Software (TTWO) 3.5%.
Of the 499 large US stocks StocksXray tracks, 418 rose and 79 fell. The VIX volatility index fell to 19.9. The dollar index declined 0.6%.
For the year, the S&P 500 is up 10.3%, 3.4% below its 52-week high. StocksXray's Market Compass reads Risk-on, with 1 of 7 warning signals on.
The numbers
| Market | Last | Day |
|---|---|---|
| S&P 500 | 7,549.94 | +2.35% |
| Dow Jones | 52,389.75 | +2.15% |
| Nasdaq Composite | 25,253.14 | +2.74% |
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Educational only, not financial advice. Numbers beside the story are from our own data.