Dow Closes Nearly 500 Points Higher as Wall Street Rebounds From Last Week’s Rout

The rebound came after the Dow shed over 1,200 points last week, while the Nasdaq notched its biggest weekly loss since January 2022.

Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading in New York City on Jan. 11, 2024. Angela Weiss/AFP via Getty Images

Wall Street’s major indexes climbed more than 1 percent on Sept. 9 as investors bought the dip after last week’s weaker-than-expected jobs report and disappointing manufacturing numbers sparked a sharp selloff in risk assets like equities.

At closing bell on Monday, the Dow Jones Industrial Average rose 484.18 points, or 1.20 percent, to 40,829.59, the S&P 500 gained 62.63 points, or 1.16 percent, to 5,471.05 and the Nasdaq Composite gained 193.77 points, or 1.16 percent, to 16,884.60.