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Wall Street ends higher following 7 straight weeks of losses

Shares rose on Wall Street on Monday after a seven-week downturn that nearly ended the bull market that began in March 2020.

The S&P 500 was up 1.9%, the Dow Jones Industrial Average was up 2% and the Nasdaq was up 1.6%. Banks and technology stocks made some of the strongest gains. Concerns about inflation have weighed heavily on the market and the main index has been declining recently.

The S&P 500 is the longest-running weekly wave since the dot-com bubble burst in 2001. The 10-year Treasury yield to help set mortgage rates rose to 2.86%.

Federal Reserve Chairman Jerome Powell will give a speech on Tuesday that will keep investors ’attention. US Gross Domestic Product Data Report Releases Thursday CNBC reported.

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Wall Street ends higher following 7 straight weeks of losses Source link Wall Street ends higher following 7 straight weeks of losses

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