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Post by bot on Aug 29, 2016 21:30:59 GMT -5
U.S. stocks close higher, led by financial sector
U.S. stocks closed higher Monday, led higher by financial stocks as investors warmed up to the possibility of a Federal Reserve rate hike this year. The Dow Jones Industrial Average [ s: djia] closed up 107.59 points, or 0.6%, at 18,502.99, with Travelers Cos. , American Express Co , J.P. Morgan Chase & Co. , and DuPont all finishing up more than 1%. The S&P 500 Index finished up 11.34 points, or 0.5%, at 2,180.38, as the financial sector gained 1%, followed by a rise in materials stocks. The Nasdaq Composite Index rose 13.41 points, or 0.3%, to close at 5,232.33.
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