U.S. stock indexes booked solid gains Monday, kicking off the week on a positive note as investors embraced hopes of additional fiscal stimulus, but looked for more clarity on the White House race and the state of the economy.
The S&P 500 SPX rose 53.14 points, or 1.6%, to end at 3,351.60. The Nasdaq Composite COMP climbed 203.96 points, or 1.9%, to close at 11,117.53. The Dow Jones Industrial Average DJIA advanced 410.10 points, or 1.5%, finishing at 27,584.06, while booking its third session of gains in a row.
The Russell 2000 Index
of small-capitalization companies outperformed, booking a 2.4% gain to close at 1,510.35.
Last week, the Dow finished down 1.8% and the S&P 500 index recorded a 0.6% decline, both marking their longest losing streaks since August of 2019. The Nasdaq Composite Index gained 1.1% for the week, ending its three-week losing skid.