A late wave of buying left major indexes higher on Wall Street after another day of up-and-down trading.
A rebound in technology stocks helped turn things around in the last hour of trading Monday. The S&P 500 is coming off a three-week losing streak amid worries about high inflation and the rapid increase in interest rates the Federal Reserve is likely to prescribe for it.
On Monday:
The S&P 500 rose 24.34 points, or 0.6%, to 4,296.12.
The Dow Jones Industrial Average rose 238.06 points, or 0.7%, to 34,049.46.
The Nasdaq rose 165.56 points, or 1.3%, to 13,004.85.
The Russell 2000 index of smaller companies rose 13.54 points, or 0.7%, to 1,954.20.
For the year:
The S&P 500 is down 470.06 points, or 9.9%.
The Dow is down 2,288.84 points, or 6.3%.
The Nasdaq is down 2,640.12 points, or 16.9%.
The Russell 2000 is down 291.11 points, or 13%.
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