Markets Start February with Wild Ride
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iStock/Thinkstock(NEW YORK) — Coming off of their worst month in a year, stocks on Monday moved between gains and losses before soaring at the end of the trading day.
The Dow Jones Industrial Average finished the session on Monday at 17,361.04, up 196.09 from its open.
The Nasdaq also rose by 41.45 to close at 4,676.69. The S&P 500 was also up 25.86 to close at 2,020.85.
A jump in crude oil prices to $49.82 per barrel helped energy shares rise on Monday.
Consumer spending slipped in December, as motor vehicle sales slowed and more Americans saved their money.
Consumer spending fell three-tenths of a percent, while personal income rose three-tenths of a percent, and consumers saved nearly five percent of their disposable income.
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