The Dow Jones Industrial Average logged its third swing of more than 1,000 points in four trading days on Monday as stocks rallied. Falling oil prices helped, while a strategist pointed to politics and an Nvidia headline as a source of risk.
Investors bought stocks heavily on Monday, and the Dow logged another swing of more than 1,000 points, its third such move in the past four trading days. MarketWatch says it is the most since the start of pandemic lockdowns in 2020.
The Dow rose 2.15%, while the S&P 500 gained 2.35% and the Nasdaq Composite added 2.74%, according to MarketWatch's market data.
Oil slides on Middle East tone
Oil prices helped the rally. Crude futures tumbled 4.58% on positive tones out of the Middle East. Gas prices also fell back under $4 a gallon nationally on Monday, according to GasBuddy.
Strategist flags an Nvidia headline and Washington
Nvidia shares fell 4.27% on the day. A strategist quoted by MarketWatch said it took one election and a poor Nvidia headline to go from Washington being a tailwind to Washington as a potential headwind.
MarketWatch's headline says volatility is not over yet.
Source: MarketWatch (snippet-based)
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