The S&P 500 Index ($SPX) (SPY) Monday closed up +0.64%, the Dow Jones Industrials Index ($DOWI) (DIA) closed up +0.85%, and the Nasdaq 100 Index ($IUXX) (QQQ) closed up +0.55%. March E-mini S&P futures (ESH25) are up +0.66%, and March E-mini Nasdaq futures (NQH25) are up +0.53%.
Stock indexes closed moderately higher on Monday as a broad-based rally lifted the market, with more than 90% of the stocks in the S&P 500 posting gains on Monday despite weakness in the Magnificent Seven technology stocks. Stocks also received support on relief that Monday’s report on US Feb retail sales ex-autos rose as expected, easing concern that the recent plunge in consumer confidence would undercut consumer spending.
