Stocks rose on Monday, building on their comeback from a four-week rout on Wall Street exacerbated by President Donald Trump’s chaotic tariff policy rollout and falling consumer confidence.
The Dow Jones Industrials overwhelmed the breakeven point 353.45 points to 41,841.63, bolstered by gains in Walmart and International Business Machines
The S&P 500 gained 36.19 points to 5,675.12.
The NASDAQ reclaimed positive ground by the closing bell, finishing ahead 54.58 points to 17,808.67.
Helping sentiment was the February retail sales report, as traders breathed a sigh of relief that the figures weren’t worse. Retail sales increased 0.2% on the month, below the Dow Jones estimate for a 0.6% increase, according to the advanced reading Monday from the Commerce Department. But excluding autos, the increase was 0.3%, which was in line with economists’ expectations.
Prices for the 10-year Treasury eked higher Monday, lowering yields to 4.30% from Friday’s 4.32%. Treasury prices and yields move in opposite directions.
Oil prices added 35 cents to $67.53 U.S. a barrel.
Prices for gold regained seven dollars an ounce to $3,008.10 U.S.
