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21 Dec 2015
US stocks rally after last week’s sell-off
FXStreet (Mumbai) - The stock markets in the US advanced on Monday, rebounding from their deep sell off last week, as mining stocks spiked on China’s signal that it may add to stimulus boosted metals prices.
The Dow Jones Industrial Average (DJIA) rose 0.7% to 17250 and the S&P 500 climbed 0.8% in early trade. The Nasdaq Composite gained 0.90%. The risk-on sentiment took a hit last week after Fed’s hint at four more interest rate hikes next year caught the markets by surprise.
Across the pond, the Stoxx Europe 600 rallied 0.30% on the back of a rise in the basic resource and automobile sectors.
The Dow Jones Industrial Average (DJIA) rose 0.7% to 17250 and the S&P 500 climbed 0.8% in early trade. The Nasdaq Composite gained 0.90%. The risk-on sentiment took a hit last week after Fed’s hint at four more interest rate hikes next year caught the markets by surprise.
Across the pond, the Stoxx Europe 600 rallied 0.30% on the back of a rise in the basic resource and automobile sectors.