A positive day and optimistic remarks for Wallstreet as the stock jumped and rallied higher on Monday, recouping a portion of Friday's heavy losses.
The US benchmark index Dow Jones industrials gained as many as 313 points with the heavyweight stocks Apple, Boeing and Nike being the top potential performers on Monday session. Though the S&P 500 Index closed near session highs in a broad-based rally led by tech companies, but still to make up the last week sell pressure. The tech-heavy Nasdaq composite rose 0.7% in morning trade and climbed about 17% on year to date.
Now takes a close look at the top and the worst performers of the day. Tariff-sensitive companies like Apple stock was one of the top performers on the Dow Jones industrials on Monday, gaining 1.7% and showing steady relative strength line amid the recent stock market volatility. Boeing shares are looking to extend a winning streak to four trading sessions and trimmed its rally to 1% in morning trade. The top retailer of the Dow Jones Industrial Average Nike stock rose by nearly 1%.
Communications, utilities, technology, financials, and consumer staples sectors end the previous session in the green territory in the S&P 500 index and climbed more than 1%. DISH Network, century link, and Bristol-Myers Squibb were the top three gainers under this section which rose more than 3%. Meanwhile, the laggers like Phillip Morris, L brand and Garrett motion were the largest decliners of these major indices.
In commodities trading, oil prices fell due to the possibilities in U.S.-Iranian relations. Instead of that, overall an uprising day for the US stock market. Backing the yesterday's rally the market futures will be open high and the first hour is expected to be encouraging for the traders. But whatever be the speculation market is in a flipflop mood and the current volatility will not let the rally to sustain long.