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Barchart
Barchart
Rich Asplund

FORGOTTEN HISTORY: Stocks settle higher on q1 earnings optimism - Caught on Camera

The S&P 500 Index ($SPX) (SPY) Monday closed up +0.87%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.67%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +1.02%. 

US stock indexes settled moderately higher on Monday, with the Dow Jones Industrials posting a 1-week high.  Reduced geopolitical tensions boosted stocks on Monday as it appears that the Iran-Israel exchange of attacks may be over for the time being.  Also, a +4% jump in Nvidia on Monday lifted technology stocks as Nvidia recovered some of last Friday’s -10% plunge.  In addition, the strength of bank stocks on Monday supported the overall market.

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