Tuesday, 3 May 2016

Wall Street Rebounds; Nasdaq breaks Seven-day losing Run

US stocks rose on Monday, rebounding from losses last week, as financials gained with Berkshire Hathaway and weakness in the dollar eased worries about earnings for multinationals.

The Nasdaq snapped a seven-session losing streak, though Apple fell for an eighth straight session, its longest run of losses since mid-1998. 
Gains in consumer shares also lifted stocks, which on Friday had posted their largest weekly drop in more than two months. 

Amazon shares jumped 3.7 percent to USD 683.85, giving the S&P 500 and Nasdaq their biggest boosts, while both the consumer discretionary sector and staples gained more than 1 percent each.

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