U.S. stocks maintain gains headed into final stretch of trading
All three major U.S. stock indexes were higher in the last hour of trading on Monday, reversing course from a lower open, as investors appeared to brush aside soft economic data from China. The Dow Jones Industrial Average and the S&P 500 were up by 0.4% each, while the Nasdaq Composite gained 0.7%. The moves expand upon the S&P 500 and Nasdaq's four straight weeks of gains. Strategists were divided, however, over whether the rally in equities could continue, with those at BlackRock saying it isn't worth chasing.
-Vivien Lou Chen
(END) Dow Jones Newswires
August 15, 2022 15:18 ET (19:18 GMT)
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