S&P 500 climbed on Monday

Source: Dukascopy Bank SA

US stocks extended previous gains on Monday amid absence of major fundamentals. Hopes for easing from the ECB and BoJ bolstered US equities. Meanwhile, larger than expected increase in the US non-farms payrolls continued to lend support for US stocks. S&P 500 closed 0.23% higher at 1,394.23 on Monday. Technology and base metals were the strongest industries  in the index. Alcoa and Cliffs Natural Resources added 1.55% and 2.73%. Meanwhile, Cognizant Technology Solutions soared 10.27% as the company's Q2 results were stronger than Wall Street's forecast. On the downside was Tyson Foods that declined by 7.99% after reporting a 61% drop in net income in Q2. The Interpublic Group of Companies lost 7.84% after its competitor, Publics Group of France, announced  it was going to place a bid to buy the media company.

 

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