The Dow Jones Industrial Average gained as much as 300 points, while the Nasdaq Composite and the S&P 500 were both in the green slightly.
Related: US Stocks Are in for a ‘Bumpy Ride’: Walser Wealth Management President
Last week, markets soared as job growth surged to 312,000 during the month of December, handily beating economists’ expectations of 176,000 nonfarm payrolls added. The data caps off what’s been a rough start for the capital markets in 2019 amid global growth concerns.
Additionally, Federal Reserve Chairman Jerome Powell said the central bank will exercise more patience with respect to raising interest rates. The Federal didn’t show much dynamism in 2018 with respect to monetary policy, obstinately sticking with a rate-hiking measure with four increases in the federal funds rate.
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