Stocks End Higher Ahead of Presidential Debate, Jobs Report


Stocks finished sharply higher Monday as equities came off a four-week losing streak and U.S. politics were in focus ahead of the first presidential debate Tuesday between U.S. President Donald Trump and Democratic candidate Joe Biden.

Investors also were monitoring the failure of lawmakers to complete a stimulus relief package before the Nov. 3 presidential election, and tensions between the U.S. and China. 

Wall Street also was paying attention to a report from The New York Times that said Trump paid just $750 in U.S. income taxes in both 2016 and 2017.

The Dow Jones Industrial Average finished up 410 points, or 1.51%, to 27,584, the S&P 500 rose 1.61% and the Nasdaq was up 1.87%. 

Amazon.com  (AMZN) – Get Report finished up 2.6% at $3,174.05. 

Financials, industrials and energy stocks were the leading gainers Monday.

Stocks finished higher Friday but the gains weren’t enough to prevent the Dow and the S&P 500 each from falling for the fourth straight week.

The Dow declined 1.8% last week and the S&P fell 0.6%. The tech-heavy Nasdaq last week managed to finish with a gain of 1.1% in choppy trading.

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