India, May 6 -- Stocks have moved mostly higher during trading on Monday, extending the rally seen to close out the previous week. The major averages have all moved to the upside, although the Dow is posting a relatively modest gain.
Currently, the Nasdaq and the S&P 500 are just off their highs of the session. The Nasdaq is up 102.74 points or 0.6 percent at 16,259.07, the S&P 500 is up 30.49 points or 0.6 percent at 5,158.28 and the Dow is up 100.29 points or 0.3 percent at 38,775.97.
Stocks continue to benefit from the upward momentum seen over the two previous sessions, which partly reflected renewed optimism about the outlook for interest rates.
Relatively dovish comments from Federal Reserve Chair Jerome Powell combined with weaker...