Wall Street Ends Week on a High Note Despite Easter Holiday Downtime

Strategic Insights -

The US stock market ended Monday with positive gains, despite light trading volumes due to the Easter holiday. The Dow Jones industrial average rose 0.70 percent, the Nasdaq composite index gained 0.61 percent, and the Standard & Poor's 500 index increased 0.52 percent. Energy stocks led the way, with the New York Stock Exchange's energy sector rising 1.3 percent on the back of rising crude oil prices.

Key Takeaways:

  • The Dow Jones industrial average ended up 73.53, or 0.70 percent, at 10,515.56.
  • The Nasdaq composite index ended 12.60, or 0.61 percent, to 2,065.48.
  • The Standard & Poor's 500 index ended up 5.88, or 0.52 percent, at 1,145.20.
  • Energy stocks got a boost from rising crude oil prices, with the New York Stock Exchange's energy sector rising 1.3 percent.
  • Over 700 U.S. firms will report earnings this week, leading to high earnings expectation.
  • The 10-year Treasury note fell 9/32 point, or $2.8125 for each $1,000 invested, for a 4.24 percent yield.
  • The dollar was mixed, trading at 105.320 yen, down from 106.28.

Statistics:

  • 73.53: The Dow Jones industrial average rose by this amount, or 0.70 percent.
  • 12.60: The Nasdaq composite index rose by this amount, or 0.61 percent.
  • 5.88: The Standard & Poor's 500 index rose by this amount, or 0.52 percent.
  • 1.1 billion: The number of shares traded on the New York Stock Exchange.
  • $138: The trading price of crude oil futures on the New York Mercantile Exchange.
  • 1.3 percent: The rise in the New York Stock Exchange's energy sector.
  • 700+: The number of U.S. firms that will report earnings this week.
  • 4.24 percent: The yield on the 10-year Treasury note.

Sources:

  • UPI (United Press International), April 12.