Wall Street continues to bounce back from last week's sell-off. The three main indexes are up more than 1% as upbeat earnings from blue-chips such as Johnson & Johnson and Goldman Sachs ease jitters over the impact of rising interest rates and tariffs on corporate profits.
Wall Street continues to bounce back from last week’s sell-off.
All the 11 major S&P sectors were higher.
Technology stocks, which led the market sell-off last week, and health stocks jumped more than 2%.
Retail giant Walmart gained 2.1% after saying it expects US online sales to jump about 40% this financial year and that profitability in the business was in “good shape”.
The stock had fallen earlier after the retailer cut its profit forecast.