Wall Street rebounds, retailers rise as holiday sales pick up


Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., November 26, 2018. REUTERS/Brendan McDermid

NEW YORK (Reuters) – Wall Street bounced back on Monday as bargain hunters returned in force after last week’s sell-off and expectations of a flurry of holiday cyber-spending drove up shares of retailers.

The Dow Jones Industrial Average .DJI rose 354.36 points, or 1.46 percent, to 24,640.31, the S&P 500 .SPX gained 40.91 points, or 1.55 percent, to 2,673.47 and the Nasdaq Composite .IXIC added 142.87 points, or 2.06 percent, to 7,081.85.

Reporting by Stephen Culp; Editing by Tom Brown


By Kenyan Digest

The Kenyan Digest Team