Sharp gains on Wall Street after dismal September
STORY: A strong rally for U.S. stocks on Monday in an optimistic start to the fourth quarter, as investors snapped up shares after a brutal month of September.
The Dow Jones Industrial Average and the S&P 500 indices both rose more than two-and-a-half percent.
The Nasdaq climbed almost two-and-a-quarter percent.
Among the day's winners, oil majors such as Exxon Mobil and Chevron, both up more than five percent on a nearly $4-jump in the price of crude oil, fueled by reports that OPEC+ is considering tightening global crude output by more than one million barrels per day ahead of a Wednesday meeting.
But the rally was about more than just energy. Tech giants such as Apple and Microsoft climbed more than three-and-a-half percent, and bank stocks rose more than three percent.
Monday's buying comes after heavy losses in the third quarter for equities, against a backdrop of rising interest rates, alarming inflation and slowing economic growth.
Sam Stovall is the chief investment strategist for CFRA Research:
"September is the worst month of the year, and the third quarter is the worst quarter of the year, in many ways because of the window dressing that mutual funds have to go through. In a sense they want to get rid of the stocks that they really wish they had not owned, but let's do so before we have to report them to our shareholders. But then investors like to get back into equities early in the fourth quarter, and possibly that's what we're seeing right now is money being put back to work, especially after such a weak month and quarter."
One notable loser on Monday: Tesla.
The luxury electric car-maker saw shares slide 7.5% after it sold fewer-than-expected vehicles in the third quarter due to logistic hurdles.
相關影片推薦
- 2:44北京電動車展登場 中國品牌「內卷」大戰 117款新車首度亮相Yahoo奇摩(國際通)16,957 次觀看・19 小時前
- 1:39世界第一台獲認證飛行車AirCar 喜迎首名乘客 將在中國生產 售價1629萬起Yahoo奇摩(國際通)11,592 次觀看・15 小時前
- 1:46百年米粉廠食安出包 炊粉遭控藏「老鼠屎」.業者:異物疏失華視影音11,600 次觀看・17 小時前
- 2:42一分鐘報天氣 / 週六 (04/27) 鋒面系統影響 持續短暫陣雨或雷雨 留意局部較大雨勢發生Yahoo奇摩新聞(報氣象)3,902 次觀看・14 小時前
- 1:49北市災防演習! 模擬山腳斷層地震、蔣萬安坐鎮指揮|#鏡新聞鏡新聞6,753 次觀看・16 小時前
- 1:582024環球小姐取消年齡上限 阿根廷60歲佳麗驚歎出線 爭取為國爭光Yahoo奇摩(國際通)23,864 次觀看・19 小時前
- 1:26女長期睡機場又大鬧國門 不聽勸阻遭警驅離東森新聞影音324,862 次觀看・1 天前
- 1:43外包司機害命警網追 3公里外交流道棄車逃亡|#鏡新聞鏡新聞19,383 次觀看・11 小時前
- 1:56新北議會衝突!陳明義兒2022選同區 早與蔣根煌結樑子民視影音101,051 次觀看・2 天前
- 2:00開發「地震速報App」未獲授權 林同學道歉:感謝諒解華視影音7,431 次觀看・11 小時前
熱門必看
- 12:45心理測驗:你愛上同性的機率?唐老師一時口誤節目差點變18禁!?Ep.215-2唐綺陽談星室32,200 次觀看・4 天前
- 14:25昏暗老公寓化身質感美宅 空間感、採光起死回生簡直魔法Yahoo創作摩人7,865 次觀看・2 天前
- 0:18傳承老一輩甜品作法,最純粹的美味!板橋Edenx食旅23,524 次觀看・3 天前
- 16:22『橫濱一日遊』帥爆!見鋼彈最後一面!人也排到爆的橫濱家系拉麵!生日圓夢之旅最終章!戴妮塔 Nita & Dai's Daily5,394 次觀看・1 天前
- 31:57【日本自由行】大阪→廣島5天4夜完整攻略🤩萬博紀念公園、姬路城、嚴島神社、和平紀念公園、廣島紙鶴塔、岡山倉敷美觀、大倉酒店、八天堂|日本旅遊・Japan 4K vlog吉田社長交朋友16,226 次觀看・4 天前