Wall Street rallies on hopes of global economic stimulus

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U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

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NEW YORK (Reuters) – U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., August 14, 2019. REUTERS/Eduardo Munoz

Advancing issues outnumbered declining ones on the NYSE by a 2.81-to-1 ratio; on Nasdaq, a 2.45-to-1 ratio favored advancers.

The S&P 500 posted 57 new 52-week highs and one new low; the Nasdaq Composite recorded 78 new highs and 60 new lows.

Volume on U.S. exchanges was 6.28 billion shares, compared to the 7.58 billion average for the full session over the last 20 trading days.

Reporting by April Joyner; Additional reporting by Medha Singh and Akanksha Rana in Bengaluru; Editing by Dan Grebler, Cynthia Osterman and Sandra Maler


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U.S. stocks climbed on Monday as reports of stimulus efforts in China and Germany calmed fears of a severe downturn in the global economy that were stoked last week as bond yields fell.

Source: {authorlink}

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