Nasdaq bounce hides thin megacap recovery as US stocks end
U.S. stocks climbed Monday, but the close didn’t fully back up the day’s upbeat numbers. The Nasdaq led gains, S&P 500 rose over 1%, and the Dow crossed 52,000. Even so, there weren’t many fresh highs and breadth stayed moderate. The move seemed more about big-cap names bouncing than a real broad rally heading into the end of the quarter. The Dow Jones Industrial Average added 358.34 points, or 0.69%, ending at 52,234.45, according to Reuters. The S&P 500 finished up 78.74 points, or 1.07%, at 7,432.92. The Nasdaq Composite climbed 464.42 points, or 1.84%, closing at 25,761.96.