Stocks close sharply higher as Wall Street tries to move past GameStop jitters
MarketWatch
2/1/2021
MARKET SNAPSHOT
U.S. stocks ended higher Monday, bouncing after the worst weekly loss since October after worries about frenzied trading in GameStop Corp. and a handful of other heavily shorted stocks sparked a ripple of selling on Wall Street.
How did stocks perform?
The Dow Jones Industrial Average gained 229.29 points, or 0.8%, to close at 30,211.91, after hitting an intraday high of 30,335.91.
The S&P 500 added 59.62 points, or 1.6%, to settle at 3,773.86.
The Nasdaq Composite surged 332.70 points, or 2.6%, touching 13,403.39 at the close.
Stocks on Friday registered their worst weekly declines since the period ended Oct. 30. The Dow closed 3.2% lower for the week, the S&P 500 was down 3.3% and the Nasdaq Composite finished with a weekly slide of 3.5%.