Wall Street sought to capitalize on last week’s gains as the S&P 500 surged more than 1% on Monday, setting a new high.
Both the Dow Jones Industrial Average and the Nasdaq Composite saw gains of 1.4% and 0.6%, respectively, of 230 points.
AXS Investments CEO Greg Bassuk stated, “Today is a follow through from what we’ve seen over the last week.”
“We’re seeing optimism regarding several factors that have been inconsistent for a while,” he stated. “We are seeing stronger and more consistent economic data, which suggests that the economy is resilient.” There is undoubtedly excitement and bullishness around the increased possibility of a possible rate drop.
Source (CNBC)
