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Dow soars 150 points as Wall Street sees North Korea tensions easing
U.S. stocks traded sharply higher on Monday as traders saw geopolitical tensions easing.
The Dow Jones industrial average rose 150 points, with Goldman Sachs and Apple contributing the most gains. The S&P 500 gained 0.97 percent, with financials and information technology leading all sectors higher. The Nasdaq composite outperformed, rising 1.2 percent, as shares of Tesla, Amazon and Facebook all rose.
"What we're seeing is a bit of a relief rally," said Peter Cardillo, chief market economist at First Standard Financial. "The reason for that is the rhetoric [between North Korea and the U.S.] has toned down, for the moment."
Secretary of State Rex Tillerson and U.S. Secretary of Defense James Mattis stated that the current U.S. administration would continue to pursue diplomatic resolutions with Pyongyang...
More:
Dow soars 150 points as Wall Street sees North Korea tensions easing
DRUDGE REPORT 2017®
U.S. stocks traded sharply higher on Monday as traders saw geopolitical tensions easing.
The Dow Jones industrial average rose 150 points, with Goldman Sachs and Apple contributing the most gains. The S&P 500 gained 0.97 percent, with financials and information technology leading all sectors higher. The Nasdaq composite outperformed, rising 1.2 percent, as shares of Tesla, Amazon and Facebook all rose.
"What we're seeing is a bit of a relief rally," said Peter Cardillo, chief market economist at First Standard Financial. "The reason for that is the rhetoric [between North Korea and the U.S.] has toned down, for the moment."
Secretary of State Rex Tillerson and U.S. Secretary of Defense James Mattis stated that the current U.S. administration would continue to pursue diplomatic resolutions with Pyongyang...
More:
Dow soars 150 points as Wall Street sees North Korea tensions easing
DRUDGE REPORT 2017®
