Stock Market Live Update: Wall Street closed with gains due to improvements in tech and rising expectations of rate cuts.
Wall Street stocks closed higher on Monday, extending Friday’s rally, as the growing possibility of the US Federal Reserve lowering its fed funds target rate in December helped investors shrug off concerns over inflated tech valuations.
The Dow Jones Industrial Average rose 202.86 points, or 0.44%, to 46,448.27, the S&P 500 rose 102.13 points, or 1.55%, to 6,705.12 and the Nasdaq Composite added 598.92 points, or 2.69%, to 22,872.01. Gone.