US stocks rise after week of falls



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Dow Jones Industrial Average

Last Updated at 13 Apr 2018, 15:06 GMT *Chart shows local time Dow Jones intraday chart
value change %
24402.86 -
-80.19
-
-0.33

Top winner and loser

General Electric Co.

13.55 +
+0.37
+
+2.81

JP Morgan Chase & Co.

110.15 -
-3.22
-
-2.84
value change %

Nasdaq Index

7099.00 -
-41.25
-
-0.58

S&P 500 Cash Index - Chicago Mercantile Exchange

2658.31 -
-5.68
-
-0.21

(Close): US shares ended higher on Monday, recovering some of last week's losses as the dollar dipped.

At the end of trading, the Dow Jones was up 228 points, or 1.3%, to 17,977.42, while the broader S&P 500 added 28 points, or 1.4%, to 2,081.19 - marking the index's's biggest rise in more than a month.

The tech-heavy Nasdaq jumped 57.75 points, or 1.2%, to 4,929.51

The dollar dropped 0.6% against the euro, making one dollar worth €0.9463.

Last week, investors fretted about the dollar's rise, which can hurt US companies' profits, as they get less from their overseas earnings after currency conversions.

Additionally, the dollar's strength makes it harder for firms to compete with foreign rivals, who may be able to offer similar products more cheaply.

The price of the US oil benchmark - West Texas Crude - continued to fall, shedding almost 1% to dip below $44 for the first time since 2009, on fears of oversupply.