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The Dow Jones Industrial Average rose 0.86%, closing at 42,297.12, driven by gains in non-tech sectors like Caterpillar, JPMorgan, and UnitedHealth.
On Friday, U.S. stocks experienced significant losses following a stronger-than-expected jobs report that dampened expectations for additional Federal Reserve rate cuts this year.
The S&P 500 posted a modest gain of 0.16%, closing at 5,918.25, while the Nasdaq Composite slipped 0.06% to 19,478.88.
Stocks declined on Tuesday, driven by strong economic data that raised concerns about the potential delay in Federal Reserve rate cuts this year.
U.S. stocks closed higher on Friday as Wall Street recovered from a rocky start to the new year.
On Thursday, major U.S. stock indices extended their losing streak into the new year.
US stocks closed lower on Tuesday, marking the end of a booming year for equity investors.
U.S. stocks declined on Monday in one of the final trading sessions of 2024, as a banner year for investors appears to be ending on a sour note.
The Dow Jones Industrial Average narrowly ended its longest losing streak since 1974, closing with a modest gain of 15.37 points (0.04%) at 42,342.24.
The Dow Jones Industrial Average extended its historic losing streak, marking a 10th consecutive day of declines, its longest since 1974.