Fading fears about Syria and a huge lift from Merck ( MRK ) were a welcome push higher for the Dow. Fellow healthcare concern UnitedHealth ( UNH ) stock also got a lift ahead of the company's earnings report tomorrow. Several more stocks could move this week as earnings season heats up, with FAANG member Netflix ( NFLX ) reporting tonight, and Dow component General Electric ( GE ) reporting later this week.
Continue reading for more on today's market, including:
The Dow Jones Industrial Average (DJI - 24,573.04) gained 212.9 points, or 0.9%, for the day. UnitedHealth was the biggest of the 25 gainers, surging 2.7%. GE was the biggest loser, falling 1.3%.
The S&P 500 Index (SPX - 2,677.84) picked up 21.5 points, or 0.8%, while the Nasdaq Composite (IXIC - 7,156.29) gained 49.6 points, or 0.7%.
The Cboe Volatility Index (VIX - 16.56) lost 0.9 point, or 4.9%, for the day.
5 Items on Our Radar Today
- U.S. retail sales rebounded 0.6% in March, after three straight months of declines. Auto sales surged 2% -- the most in six months -- according to the Commerce Department. ( CNBC )
- An American woman won the Boston Marathon for the first time in over three decades this afternoon, with a time of just under 2:40:00. The win also marked a notable feat due to the intense winds and icy rain that pelted runners on the 26.2-mile course. ( MarketWatch )
- The beauty stock boosted by an analyst upgrade .
- A pharma stock slaughtered on dismal trial data .
- Why options traders circled sinking ZTE suppliers .
Data courtesy of Trade-Alert
Oil Dips Alongside Middle East Worries
Decreased Syria tensions and increased domestic drilling activity sent oil futures lower to start the week. May-dated crude ended Monday down $1.17, or 1.7%, to finish at $66.22 per barrel.
Pressure on the dollar increased after President Donald Trump's tweet regarding China and Russia's "currency devaluation game," sending gold higher for the day. June-date gold ended Monday up $2.80, or 0.2%, to settle at $1,350.70 per ounce.