Wall Street recovers some Friday losses as Dow gains 0.93%
US stocks rose in midday trading, with the Dow up 0.93% and the S&P 500 up 0.34%, as oil fell and travel and leisure shares gained.
Wall Street indices recovered part of Friday's losses, as the S&P 500 rose 0.34% to 7,606.01 points by 13:05 US Eastern time and the Dow Jones gained 0.93% to 52,249.37 points.
The Nasdaq Composite added 0.32% to 25,519.04 points and the Russell 2000 small-cap index rose 0.48% to 2,825.30 points, in a partial recovery from the S&P 500's 1.82% decline in the previous session.
Consumer discretionary and financial services led the gains, rising 2.74% and 1.79% respectively, while the energy sector fell 3.01% and technology dropped 0.96% as oil prices declined.
Airline and travel stocks were among the top gainers thanks to lower fuel costs, with JetBlue up 10.70%, United Airlines up 5.08% and Royal Caribbean Group up 4.95%.
What do these terms mean?
Dow Jones index: An index of 30 large US companies, used as a measure of US market performance.
Russell 2000 index: An index that measures the performance of US small companies and is usually more sensitive to changes in the domestic economy.
Consumer discretionary: Goods and services consumers buy when their income improves, such as travel, entertainment and restaurants.
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