- A 'forgotten' valley in storm-hit North Carolina, desperate for help
- Italy targets climate activists in 'anti-Gandhi' demo clampdown
- US trade chief defends tariff hikes when paired with investment
- EU court blocks French ban on vegetable 'steak' labelling
- Meta AI turns pictures into videos with sound
- US dockworkers return to ports after three-day strike
- DR Congo to begin mpox vaccination campaign Saturday in east
- Meta must limit data use for targeted ads: EU court
- Oil extends gains, jobs report lifts Wall Street
- US hiring soars past expectations in sign of resilient market
- As EU targets Chinese cars, European rivals sputter
- Top EU court finds against FIFA in key transfer market ruling
- Oil extends gains, Hong Kong stocks resume rally
- 'A man provides': Ukrainian miners send families away as Russia advances
- EU states greenlight extra tariffs on EVs from China
- Hong Kong stocks resume rally, oil dips after Middle East-fuelled surge
- Crude stable after Israel-Iran surge, Hong Kong stocks resume gains
- Hera spacecraft to probe asteroid deflected by defence test
- US dockworkers to head back to work after tentative deal
- After Helene's destruction, North Carolina starts to rebuild
- Dockers end three-day strike at Montreal port
- What next for OpenAI after $157 billion bonanza?
- Israel-Hamas war causes 86-percent dive in Gaza GDP: IMF
- Milan's Morata moves house after Inter-fan town mayor 'violates' privacy
- 'Devastating' storm hits Augusta National but Masters will go on
- Relief in Brazil, Asia over delay to EU deforestation rules
- Oil prices jump, stocks fall on Middle East tensions
- Biden says 'discussing' possible Israeli strikes on Iran oil facilities
- Oil prices rise, stocks fall on Middle East tensions
- Oil rallies, stocks mostly retreat on Middle East tensions
- Phasing out teen smoking could save 1.2 mn lives: study
- 'Welcome relief': Asia producers hail EU deforestation law delay
- Japan PM slated to announce plans for 'happiness index'
- Turkish inflation falls less than expected in September at 49.4%
- Easing inflation lifts profit at UK supermarket Tesco
- Skiing calls on UN climate science to combat melting future
- China wine industry looks to breed climate resilience
- Tokyo rallies on weak yen, Hong Kong drops after surge
- Dutch airline KLM unveils 'firm' cost-cutting measures
- Carpe diem: the Costa Rican women turning fish into fashion
- Senegal looks to aquaculture as fish stocks dwindle
- Will AI one day win a Nobel Prize?
- Climate change, economics muddy West's drive to curb Chinese EVs
- Argentina's Milei vetoes university budget after huge protests
- TotalEnergies plans to grow oil and gas production until 2030
- 2024 Nobels offer glimmer of hope as global crises mount
- Tokyo rallies on weak yen, Hong Kong reverses after surge
- Tunisia readies for vote as incumbent Saied eyes victory
- High childcare costs in US weigh on women's employment
- US voters seek help with crushing childcare costs
Wall Street ends up thanks to technical rebound and bargain hunt
US stocks closed higher Monday thanks to a technical rebound and bargain-hunting after last week's nightmarish run.
The Dow Jones industrial average gained 0.64 percent, the tech-rich Nasdaq was up 0.76 percent and the S&P 500 ended 0.69 percent higher.
All three indices had opened in the red Monday morning, before oscillating back and forth much of the day and finally gaining points before the close.
"I think today it really was about bargain hunting," RegentAtlantic analyst Andy Kapyrin said.
Major Nasdaq stocks, such as Apple (+2.5 percent), Meta (+1.18 percent) and Nvidia (+1.39 percent) all ended higher after struggling for several days.
After flagging Friday, FedEx (+1.17 percent ) was also in demand Monday, as was Gap (+4.39 percent), which was hit by a downturn last week after its deal with designer and rapper Kanye West ended.
Briefing.com said the markets also benefitted from a technical rebound, with the S&P 500 flipping its direction after nearing a low Friday.
Investors have their sights fixed on Washington as the Federal Reserve meets Tuesday and is expected to announce 75 basis point interest rate increase Wednesday.
"The market is so oversold, so bearish, so few people optimistic on equities, that there's very little room for a negative surprise," Kapyrin said of Wednesday's announcement, predicting it would be unlikely for investors to react negatively to a rate increase.
Monday also saw a further rise in bond rates, in line with the Fed's recent moves.
Ten-year US Treasury bonds hit 3.5 percent for the first time in 11 years.
And two-year rates went up to 3.96 percent for the first time in nearly 15 years.
"We very rapidly have gone from a place where investors have not really seemed to be paying much attention to what the Fed says" to "a really a fitful and sporadic investor reaction" to Fed announcements, US Bank Wealth Management investor Bill Merz said.
Merz said the market will likely be more sensitive to the Fed's economic projections Wednesday than any rate changes.
T.Morelli--CPN