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(CNBC) -- Stocks rose sharply on Monday as key earnings reports eased some of investors’ fears and oversold tech names enjoyed a rebound rally.
The Dow Jones Industrial Average gained 550.99 points, or 1.86%, to close at 30,185.82. The S&P 500 jumped 2.65% to 3,677.95. The tech heavy Nasdaq Composite surged 3.43% for its best day since July, finishing at 10,675.80.
The move comes as stocks are near the lows of the year, and the S&P 500 has declined in four of the past five weeks. Big moves in both directions in recent weeks have fed a sense of uneasiness on Wall Street, though some believe the market is due for a rebound.
The post Dow closes up 550, Nasdaq pops more than 3% as strong bank earnings boost volatile market appeared first on WND.
