Wall Street Ends Day Up Amid Light Trading

Strategic Insights -

Despite the Easter holiday affecting foreign investors, Wall Street ended Monday with moderate gains, driven in part by energy stocks and a surge in crude-oil futures. The Dow Jones industrial average rose 73.53 points, or 0.70%, to 10,515.56, while the Nasdaq composite index ended 12.60 points, or 0.61%, at 2,065.48. The Standard & Poor's 500 index also saw gains, rising 5.88 points, or 0.52%, to 1,145.20. Energy stocks, boosted by crude-oil futures reaching nearly $38 a barrel, led the way with a 1.3% increase.

Key Takeaways:

  • The Dow Jones industrial average rose 73.53 points, or 0.70%, to 10,515.56.
  • The Nasdaq composite index ended 12.60 points, or 0.61%, at 2,065.48.
  • The Standard & Poor's 500 index increased 5.88 points, or 0.52%, to 1,145.20.
  • Energy stocks led the gains, rising 1.3% and fueled by crude-oil futures reaching nearly $38 a barrel.
  • 1.1 billion shares traded on the New York Stock Exchange.
  • No major economic reports were released on Monday, but earnings expectations remain high for the week ahead.

Statistics:

  • Dow Jones industrial average: 10,515.56 (up 73.53 points, or 0.70%).
  • Nasdaq composite index: 2,065.48 (up 12.60 points, or 0.61%).
  • Standard & Poor's 500 index: 1,145.20 (up 5.88 points, or 0.52%).
  • Energy stocks: 1.3% (boosted by crude-oil futures reaching nearly $38 a barrel).
  • Shares traded on the New York Stock Exchange: 1.1 billion.

Sources:

  • UPI (APR 12, 2004)
  • Wall Street Journal (APR 12, 2004)