Dow jumps 580 points as energy leads gains

Xinhua
22 Jun 2021, 02:19 GMT+10

NEW YORK, June 21 (Xinhua) -- U.S. stocks surged on Monday, buoyed by overall strength in the energy sector.

The Dow Jones Industrial Average increased 586.89 points, or 1.76 percent, to 33,876.97. The S&P 500 rose 58.34 points, or 1.40 percent, to 4,224.79. The Nasdaq Composite Index was up 111.10 points, or 0.79 percent, to 14,141.48.

All the 11 primary S&P 500 sectors ended in green, with energy up 4.29 percent, leading the gains.

U.S.-listed Chinese companies traded roughly flat with five of the top 10 stocks by weight in the S&P U.S. Listed China 50 index ending the day on an upbeat note.

The above market reactions followed a downbeat week on Wall Street as investors assessed the Federal Reserve's policy stance, while digesting the latest economic data.

For the week ending Friday, the Dow slid 3.5 percent, the S&P 500 decreased 1.9 percent and the Nasdaq lost 0.3 percent.

Watch latest videos

News RELEASES

Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Beijing Bulletin.

More Information

null in null

Technology

Section

Vietnam to fast-track licensing for Elon Musk's Starlink services

Vietnam PM pledges quick licensing for Musk's Starlink, more imports

HANOI, Vietnam: Vietnam is set to fast-track licensing for Elon Musk's Starlink satellite internet service, while also exploring ways...

Meta plans paid subscription for AI chatbot

Meta plans paid subscription service for chatbot Meta AI, source says

MENLO PARK, California: Meta Platforms is gearing up to introduce a paid subscription service for its AI-powered chatbot, Meta AI,...

40% of executives see economic risks as top concern for the next 2-3 years: Report

New Delhi [India], March 9 (ANI): As geopolitical tensions evolve into new forms, 40 per cent of board members and C-suite executives...

Peter Thiel has major influence on Trump government Bloomberg

Over a dozen people linked to the PayPal co-founder hold positions within the administration, the media outlet estimates Tech mogul...

Bangladeshi firms join hands with US telecom giant Starlink

Dhaka [Bangladesh], March 9 (ANI): Several Bangladeshi firms have partnered with Elon Musk's Starlink to support the setup of ground...

China's top legislature vows high-quality legislation, oversight to serve national interest

BEIJING, March 8 (Xinhua) -- The Standing Committee of the National People's Congress (NPC), China's top legislature, on Saturday unveiled...

Business

Section