The stock market made a bullish reversal Monday as it again found support at recent lows.
The S&P 500 climbed 1.3%, leading the market thanks in part to a rebound in energy stocks and strength in financials. The index found support around the 2000 level, where it has done so for several weeks.
The Nasdaq closed 0.9% higher as the composite defended a floor around 4600. The Dow Jones industrial average rose 1.1%.
Volume fell sharply across the board, according to unconfirmed figures. While an increase in trading would have made Monday's gains look better, market breadth was decidedly bullish in the stock market today. Winners topped losers by nearly 3-to-1 on the NYSE and by 12-to-7 on the Nasdaq.
The S&P 500 climbed 1.3%, leading the market thanks in part to a rebound in energy stocks and strength in financials. The index found support around the 2000 level, where it has done so for several weeks.
The Nasdaq closed 0.9% higher as the composite defended a floor around 4600. The Dow Jones industrial average rose 1.1%.
Volume fell sharply across the board, according to unconfirmed figures. While an increase in trading would have made Monday's gains look better, market breadth was decidedly bullish in the stock market today. Winners topped losers by nearly 3-to-1 on the NYSE and by 12-to-7 on the Nasdaq.
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