Wall Street rebounds: Dow jumps 1,104 points in its best day since April

The U.S. stock market rallied sharply on Monday and recovered most of last week's losses, with the Dow Jones Industrial Average jumping 1,104 points, or 2.2%, to close at 52,389.75, according to the Associated Press.

The S&P 500 gained 173.08 points, or 2.3%, to 7,549.94, in its best day since April, and the Nasdaq composite rose 673.71 points, or 2.7%, to 25,253.14. The rebound followed last week's sell-off on worries that Democratic victories in the midterm elections could slow the construction of artificial intelligence data centers.

Oil also helped: Brent crude fell 5.8% to $92.57 a barrel, down from more than $112 earlier this month, after President Donald Trump told CNN that resuming strikes is "highly unlikely" if negotiations make progress. Among the day's winners were AMD, up 13.3%, and Constellation Energy, up 10.5%.

The exception was Nvidia, which fell 4.3% as its board investigates CEO Jensen Huang over a relationship with an executive U.S. intelligence says was gathering information for China. Despite the rally, the S&P 500 remains 3.4% below the record it set last month.

Photo: TV News Check

Source: AP / TV News Check