The Dow Jones Industrial Average went up 236.77 points or 0.6% to end at 40,896.53 for its fifth straight daily gain, according to Dow Jones Market Data.
The S&P 500 was up 54.00 points or 1% to 5,608.25 for its eighth straight daily gain, logging its longest winning streak since November 8, 2023, when the market rose for eight straight trading days. The index also notched its largest eight day percentage gain since March 24, 2022.
The Nasdaq Composite rose 245.05 points or 1.4% to finish at 17,876.77 for its eighth straight daily gain, recording its longest winning streak since December 19, 2023, when the market rose for nine straight trading days. The index exited the correction territory on Monday. The correction only lasted 11 trading days, the shortest correction for the index since the one ending October 11, 2011, when it lasted 6 trading days.
Based on data since 1971, the Nasdaq Composite saw an averge gain of 0.3% one week after exiting in correction territory, and an average rise of 23.6% one year after such a move.
