FN: Dow Jones hits 13-month high; Gold futures finished about $1,100 for first time; USD/EUR moves above $1.50
The Dow Jones Industrial Average on Monday closed at a 13-month high; Gold futures finished about $1,100 for the first time and the US dollar briefly fell above $1.50 to the euro.
The Dow rose 203.52 points, or 2.03%, to 10226.94, its highest finish in 13 months and its second 200-point rise in three trading days.
The Dow is down 28% from its 2007 record and is up 56% since hitting its 12-year low on March 9th this year.
The S&P 500 closed up 2.2% at 1,093.08 and the Nasdaq Composite gained 1.97% to 2,154.06. The S&P 500’s high for the year was 1097.91 on October 19th, while the Nasdaq’s high was 2176.32 on the same day.
