The Dow jumps more than 350 points amid expectations for a historic Cyber Monday

trader surprised shockedReuters / Lucas Jackson

  • All three major US indices jumped on what was expected to be a historic Cyber Monday.
  • Concerns about the prospect of slowing demand and rising rates have pummeled equities in recent months.
  • Follow the US indices in real time here.

Stocks jumped Monday, staging a comeback following a series of sell-offs that had wiped out Wall Street’s 2018 gains last week, as investors waded back into the market on the biggest online-shopping day of the year.

The Dow Jones Industrial Average rose 1.4%, or more than 350 points. The S&P 500 climbed 1.5% and out of correction territory, while the Nasdaq Composite gained more than 2%. The three major US indices had fallen sharply in recent months on the back of a cocktail of concerns, including the prospect of cooling demand and rising rates.

See the rest of the story at Business Insider

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Post Author: martin

Martin is an enthusiastic programmer, a webdeveloper and a young entrepreneur. He is intereted into computers for a long time. In the age of 10 he has programmed his first website and since then he has been working on web technologies until now. He is the Founder and Editor-in-Chief of BriefNews.eu and PCHealthBoost.info Online Magazines. His colleagues appreciate him as a passionate workhorse, a fan of new technologies, an eternal optimist and a dreamer, but especially the soul of the team for whom he can do anything in the world.

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