FLASH: The DJIA rose nearly 1,300 pts, the largest single day point gainer in history, President Trump’s policies Work!
Tech and healthcare companies led the broad gains, which gave the DJIA its biggest-ever point gainer and biggest percentage increase since March 2009.
The S&P 500 index spiked 4.6%, its best day since December 2018.
Investors are increasingly anticipating that the Fed and other major central banks around the world will lower interest rates soon or sooner.
Gold rose 28.20 at 1,592.30 oz, silver rose 29c at 16.68 oz and copper rose 5c to 2.60 lb.
USD fell to 107.87 JPY from 108.42 Friday, EUR strengthened to 1.1163 from 1.1028
WTI Crude OIL rose 1.99, or 4.4%, to settle at 46.75 bbl, Brent, the international standard, gained 2.23 to close at 51.90.
Monday, the major US stock market indexes finished at: DJIA +1293.96 at 26703.29, NAS Comp +384.80 at 8952.17, S&P 500 +136.01 at 3090.23
Volume: Trade on the NYSE came in at 1.7-B/shared exchanged
- NAS Comp -0.2% YTD
- S&P 500 -4.4% YTD
- DJIA -6.4% YTD
- Russell 2000 -9.0% YTD
HeffX-LTN’s overall technical outlook for the major US stock market indexes is Very Bullish across the board
Looking ahead: February auto and truck sales will be reported throughout Tuesday.