Wall Street rebounded impressively on Monday after last week’s disappointing performance buoyed by an encouraging early-stage clinical trial data for a potential coronavirus vaccine. Moreover, Fed Chairman, Jerome Powell’s promise of more stimulus to lift the pandemic-affected economy boosted investors’ sentiments. All three major stock indexes ended in the green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) jumped 3.9% to close at 24,597.37. Notably, 29 components of the 30-stock blue-chip index ended in green while one finished in the red. Meanwhile, the S&P 500 climbed 3.2% to close at 2,953.91. The Energy Select Sector SPDR (XLE),