New York, NY (BBN) – US share markets closed solidly higher, led by strong gains in banking shares and following jumps on European and Asian markets.
The Dow Jones Industrial Average rose 129.71 points, or 0.73 per cent, to 17,804.87, reports BBC.
The wider S&P 500 jumped 12.03 points, to 2,083.25, while the tech-heavy Nasdaq gained 36.88 points, to 4,837.21.
Last week, markets were mostly lower as investors fretted over the consequences of this week’s EU referendum vote.
Goldman Sachs rose 1.5 per cent, Bank of America climbed 1.0 per cent, and Morgan Stanley rose 2.3 per cent.
Shares of US retail giant Walmart ended the day 0.21 per cent higher after the retail giant announced a partnership with China’s second largest e-commerce firm, JD.com.
Crude oil prices also saw significant gains, climbing 2.5 per cent and sending energy stocks rising.
Marathon Oil climbed more than 10 per cent. The company on Monday announced plans to expand its oil and natural gas assets.
Southwestern Energy shares were up 6.3 per cent.
BBN/SSR/AD
