🇺🇸 US MARKET UPDATE
Stocks rise as investors attempt to build on Friday’s rally
Stock rose Monday as investors tried to build on a sharp rally from the previous session.
The Dow Jones Industrial Average ticked up 154 points, or 0.5%, while the S&P 500 and Nasdaq Composite added 0.7% and 1.1%, respectively.
That follows a winning week for the three major indexes, with the Dow and S&P 500 posting their best weeks since November. A chunk of those gains came Friday, with the Dow rallying 700 points, while the S&P 500 and Nasdaq advanced 2.3% and 2.6%, respectively. Those gains were spurred by the latest batch of economic data released Friday.
Investors will watch for consumer expectations and consumer credit data coming later in the day. They will also watch for December’s consumer price index report coming Thursday and big bank earnings scheduled for Friday.