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Tuesday 29 September 2020: US equity markets rose sharply on Monday as Wall Street built on strong gains

Tuesday 29 September 2020: US equity markets rose sharply on Monday as Wall Street built on strong gains
Sep 28, 2020 · 5m 25s

US equity markets rose sharply on Monday as Wall Street built on strong gains from the previous session amid hope for a new deal on U.S. fiscal stimulus and several...

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US equity markets rose sharply on Monday as Wall Street built on strong gains from the previous session amid hope for a new deal on U.S. fiscal stimulus and several corporate deals being struck. The Dow closed 410.10 points higher, or 1.5%, at 27,584.06, to start the week, led by banks and tech. The broader S&P 500 gained 1.6% to close 3,351.60 and the Nasdaq climbed 1.9% to 11,117.53. Both the Dow and S&P 500 had their best session since Sept. 9. Sentiment on Wall Street got a boost after House Speaker Nancy Pelosi said Sunday a last-minute coronavirus aid deal remains on the table as House Democrats try to forge ahead on a smaller aid package costing about $2.4 trillion.
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Author Morgans Financial Limited
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