Don’t miss the latest developments in business and finance.

Wall Street rebounds, retailers rise as holiday sales pick up

Image
Reuters NEW YORK
Last Updated : Nov 27 2018 | 2:45 AM IST

NEW YORK (Reuters) - Wall Street bounced back on Monday as bargain hunters returned in force after last week's sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.

The Dow Jones Industrial Average rose 354.36 points, or 1.46 percent, to 24,640.31, the S&P 500 gained 40.91 points, or 1.55 percent, to 2,673.47 and the Nasdaq Composite added 142.87 points, or 2.06 percent, to 7,081.85.

(Reporting by Stephen Culp; Editing by Tom Brown)

Disclaimer: No Business Standard Journalist was involved in creation of this content

More From This Section

First Published: Nov 27 2018 | 2:37 AM IST

Next Story