Dow jumps almost 340 points as Wall Street shakes off tariff tantrum
The Dow Jones Industrial Average on Monday ended sharply higher, narrowly missing its best gain in a month, as investors shrugged off worries of a global trade war that previously knocked equity benchmarks lower late last week. The Dow closed up 336 points, or 1.4%, at about 24,875. With less than a half-hour left in regular trade, the blue-chip gauge was up about 425 points, or 1.7%, which would have put it at its best daily gain since Feb. 6, according to FactSet data, before the benchmark lost some momentum. Shares of Boeing Co. and Caterpillar Inc. helped to deliver a nearly 100-point boost to the price-weighted, blue-chip gauge. All but one of the 30 components ended in the green, with shares of Nike Inc. down 1.3%. The S&P 500 index , meanwhile, closed up 1.1% at around 2,720, with all of its 11 sectors wrapping up in positive territory, while the Nasdaq Composite Index [: COMP] closed up 1% at around 7,330.