Dow Jumps 300 Points As Stocks Kick Off Worst Six Months Of The Year

SourceForbes
SectorFinancial Markets
CountryMiddle east

Share to Linkedin Kicking off a historically lackluster period for stocks, the market is once again soaring back toward record highs Monday as experts keep a close eye on the Federal Reserve, which helped intensify a Friday selloff due to concerns it could finally ease up on its pandemic-era economic support. A trader grins on the floor of the New York Stock Exchange. As of 9:50 a.

m. Monday, the Dow Jones Industrial Average was soaring 320 points, or 0. 9%, while the S&P 500 jumped 0. 6% and the tech-heavy Nasdaq 0. 2%. Confirming recent reports, Verizon announced Monday morning it will sell its internet assets—including Yahoo and AOL—to private equity firm Apollo Global Management for $5 billion (it paid nearly a combined $9 billion for both in 2015 and 2017); shares of Apollo jumped 1. 3% Monday morning, Verizon 0. 4%. Heading up gains in the Dow, shares of American Express, Goldman Sachs and Honeywell are climbing 1....read more...