The stock market finished higher on Monday, flipping from modest morning losses following encouraging news on interest rates, which have been dragging Wall Street mainly lower since the summer.
Was the stock market closed today?
Monday is Columbus Day, which many people now observe as Indigenous Peoples’ Day. The event is not one of the 10 holidays that halt trading in 2023 on the New York Stock Exchange and NASDAQ. (If you’re keeping track, the next one is Thanksgiving.)
Dow Jones Industrial Average
The S&P 500 ended the day up 0.6%. The Dow Jones Industrial Average rose 197 points, and the Nasdaq composite added 0.4%. The indices perked higher after two officials at the Federal Reserve suggested they may not need to raise interest rates again at their next meeting at the end of this month.