The major US stock indices clawed back some of the declines from Friday's tumble.
- Dow industrial average rose 587.98 points or 1.29% at 46067.58.
- S&P index rose 102.21 points or 1.56% at 6654.72.
- NASDAQ index rose 490.18 points or 2.21% at 22694.61.
The small-cap Russell 2000 earlier rose 66.18 point or 2.79% at 2461.41.
The gains could be attributed to more conciliatory comments over the weekend from Pres. Trump in regard to China (a day after saying that tariffs would be increased to 100%). The hostage release and hope for peace in the Middle East also helped. However, they did not erase the sharp declines from last Friday.
Tomorrow will be a key bias-defining moment in the short term for the major indices. What storyline will win out and control the bias?
