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Stock Market Today: Dow Jones Industrial Average closes up 2%**
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Dow Jones Industrial Average surges 500 points, led by gains in tech and healthcare**
The Dow Jones Industrial Average (DJIA) closed up 2% on Monday, led by gains in tech and healthcare stocks. The S&P 500 also closed up 2%, while the Nasdaq Composite rose 2.5%.
The Dow Jones Industrial Average is a stock market index that tracks the 30 largest publicly traded companies in the United States. The index is weighted by market capitalization, which means that the largest companies have the greatest impact on the index's value. The Dow Jones Industrial Average is one of the most widely followed stock market indices in the world.
On Monday, the Dow Jones Industrial Average rose 500 points to close at 34,812.04. The index was led higher by gains in tech stocks. Apple, Microsoft, and Amazon all rose by more than 2%. Healthcare stocks also performed well, with UnitedHealth Group and Merck both rising by more than 1%.
The S&P 500 is a stock market index that tracks the 500 largest publicly traded companies in the United States. The index is also weighted by market capitalization. The S&P 500 is a broader index than the Dow Jones Industrial Average, and it includes a wider range of companies.
On Monday, the S&P 500 rose 68 points to close at 4,473.35. The index was led higher by gains in tech stocks. Apple, Microsoft, and Amazon all rose by more than 2%. Healthcare stocks also performed well, with UnitedHealth Group and Merck both rising by more than 1%.
The Nasdaq Composite is a stock market index that tracks the 100 largest publicly traded non-financial companies in the United States. The index is weighted by market capitalization. The Nasdaq Composite is a heavily tech-weighted index, and it includes many of the largest tech companies in the world.
On Monday, the Nasdaq Composite rose 245 points to close at 15,242.61. The index was led higher by gains in tech stocks. Apple, Microsoft, and Amazon all rose by more than 2%. Other notable gainers included Tesla, which rose by more than 3%, and Netflix, which rose by more than 2%.
The stock market's strong performance on Monday was driven by a number of factors. Investors were encouraged by the passage of a new stimulus package by the U.S. government. The package is expected to provide $1.9 trillion in relief to individuals and businesses. Investors were also encouraged by the continued progress of the COVID-19 vaccine rollout. The vaccine is expected to help the economy to reopen and return to normal.
The stock market's strong performance on Monday is a sign of confidence in the economy. Investors are betting that the economy will continue to recover in the coming months. The stock market is a leading indicator of the economy, and its strong performance is a good sign for the future.