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Wall Street rebounds, retailers rise as holiday sales pick up

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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.

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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

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