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US Stocks Jump, Buoyed By Home Sales, Weaker Dollar

25 Oct News | Comments

U.S. stocks climbed Monday, boosted by a jump in existing home sales and a weekend pledge by global finance officials that calmed fears of a currency war. The Dow Jones Industrial Average rose 100 points, or 0.9%, to 11232, extending three straight weeks of gains. Entering the month’s final week of trading, the Dow is up 4.1% for October, buoyed by hopes that the central bank will take further steps to stimulate the economy at its meeting next week.

 

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