US News

Stocks rise after their brush with a bear market.


Stocks mostly edged higher on Monday, making a positive start to the week after the S&P 500 briefly entered into bear market territory on Friday, a symbolic marker of investors’ pessimism about the health of the economy. Although a late rally pulled the index higher, it closed the week with its seventh consecutive decline, the longest losing streak since the dot-com crash.

  • Future contacts in the United States indicated that the S&P 500 was set to rise more than 1 percent when markets open on Monday. The Nasdaq composite was set to gain 0.6 percent.

  • Shares of the software company VMware rose 20 percent in premarket trading on reports that Broadcom, the semiconductor giant, was in talks to acquire the company.

  • European stock indexes were higher, with the Stoxx Europe 600 up 0.8 percent on Monday. The euro gained nearly 1 percent versus the dollar, after Christine Lagarde, the president of the European Central Bank, wrote in a blog post that high inflation could lead the central bank to raise interest rates at its July meeting.

  • Asian markets were mixed, with Hong Kong’s Hang Seng down 1.2 percent, China’s CSI 300 down 0.6 percent and Japan’s Nikkei 225 up 1 percent.



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