Market Watch: Major Indices Attempt To Rebound


U.S. stocks were higher on Monday, as Wall Street finally saw its’ 7-day losing streak finally come to an end.

Investors were encouraged by some news from Greece, where Euro Zone officials suggested banks could get their first infusion of cash shortly, even prior to passing a stress test from the European Central Bank.

Elsewhere, Chinese stocks had their best day in weeks, as the Shanghai Index attempts to dig out from a disastrous two-month period.

Back here in the U.S., earnings season is winding down, but today will bring reports from Kraft Heinz, Shake Shack and others.  Elsewhere, Federal Reserve Presidents Dennis Lockhart and William Dudley will speak this week, as investors are still hoping for clues as to whether a September rate hike is likely.

Here are the final numbers from Monday on Wall Street:

Dow Jones Industrial Average: 17,615.17 (+241.79)

NASDAQ: 5,101.80 (+58.25) 

S&P 500: 2,104.18 (+26.61)

Phil Cannella
Partnered with CBS Radio Network, Phil Cannella reports on the issues most important to the American retiree.
Phil Cannella


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