Wall Street Rebound: Stocks Close Slightly Up After Worst Week of 2023

The U.S. stock market saw a slight increase in closing prices on Monday after the worst week of 2023 for the major indexes.

The Dow Jones Industrial Average rose 0.2%, the S&P 500 gained 0.1%, and the Nasdaq Composite added 0.3%.

The rebound came after Wall Street had its worst week of 2023, with the Dow, S&P 500, and Nasdaq all falling more than 3% last week.

In the final hour of trading, the major indexes remained higher, with the Dow up 0.5%, the S&P 500 up 0.3%, and the Nasdaq up 0.6%.

Analysts attributed the rebound to investors buying into the market after the selloff last week.

“The market is seeing a bit of a bounce back today as investors are looking to take advantage of the lower prices in the wake of the selloff last week,” said David Bahnsen, chief investment officer at The Bahnsen Group.

Overall, the Dow rose 61 points to close at 33,817, the S&P 500 gained 8 points to close at 4,184, and the Nasdaq Composite added 112 points to close at 13,976.

Looking ahead, investors will be watching for any news on the progress of the $1.9 trillion stimulus package that is currently being negotiated in Congress.

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