U.S. stocks rose Monday with the Dow Jones Industrial Average bouncing back from a four-session losing streak as investors tried to look beyond the looming threat of a global trade war and instead focused on positive economic data.
The Dow DJIA, +0.75% bounced back from an earlier decline to gain 132 points, or 0.5%, to 24,470.
The S&P 500 index SPX, +0.77% rose 16 points, or 0.6%, to 2,707 with all 11 subsectors trading higher. The Nasdaq Composite Index COMP, +0.76% added 34 points, or 0.5%, to 7,292.
Last week, stocks logged hefty losses, with the Dow dropping 3% and notching its fourth-straight-session loss. The S&P 500 shed 2% for the week and the Nasdaq declined 1.1%.
Rattling some investors was news that Sunday’s Italian election is expected to end in a hung parliament, as populist euroskeptic parties made a better showing than forecast. That is seen as signaling a protracted period of political uncertainty for the eurozone’s fourth-biggest economy.
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