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Stocks have best day in a month with financials and industrials leading the rally

SPX News by Newsroom on 17:16 July 09, 2018 EST

The Dow turned positive for 2018 on Monday, and is now up about 0.2% for the year. It also closed above its 50-day moving average for the first time in three weeks, a positive sign for its short-term momentum trend. Leading the advance were financial stocks, which jumped 2% on average.

The Dow Jones Industrial Average DJIA, +1.31% while S&P 500 SPX, +0.88% rose to 2,784.17 and the Nasdaq Composite Index COMP, +0.88% climbed 67.81 points, or 0.9%, to 7,756.20. This is the third day of gains for stocks.

Gold futures experienced the best close in about two weeks, while U.S. oil futures settled a dash higher.