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US Stocks Gain; Weaker Dollar Boosts Materials

25 Oct News | Comments

U.S. stocks climbed on Monday, boosted by a jump in sales of existing homes and a weekend pledge by global finance officials that calmed fears of a currency war. The Dow Jones Industrial Average rose 72 points, or 0.6%, to 11204, extending three straight weeks of gains. Entering the month’s final week of trading, the Dow is up 3.9% for October, buoyed by hopes that the Federal Reserve will take further steps to stimulate the economy at its meeting next week.

 

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