Wall Street bounces back from losing streak as tech, bank stocks gain

Topics Wall Street | Dow Jones | US stocks


US stocks jumped on Monday, bouncing back from the longest weekly losing streak in a year for the S&P 500 and the Dow, with technology, banks and travel shares leading the advance. All the 11 major S&P 500 sectors were up in early trading. The S&P 500 financials index jumped 2.

6 per cent and was on track for its best day in two and a half months. Shares of technology-related stocks, which bore the brunt of a sell-off earlier this month, were higher, with Facebook Inc , Alphabet Inc, Amazon.com Inc, Apple Inc and Netflix.

This article is no longer available in our repository.

There could be multiple reasons for this.