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U.S. stocks soared on Monday — buoyed by a round of solid bank results and a reversal of tax cut plans in the U.K. — as investors assembled for a big week of corporate earnings.
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All the major market averages finished higher for the week, with the S&P 500 gaining 2.5%, the Dow Jones Industrial average ending up 1.8% and the Nasdaq climbing north of 4%.
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U.S. stocks rose Wednesday as investors monitored a series of closely watched earnings reports and further digested a hot print on inflation in the U.S.
The stock is back to trading above the $29 IPO price from 2019. Shares of Peloton closed up 25.28% to $37.27 a piece on Tuesday. 6:01 p.m. ET Monday: Futures tick higher after closing in the red ...