Business

US investors upbeat after long weekend

NYSE traders Image copyright Reuters

(Close) Wall Street ended in decisively positive territory on Monday after investors returned from a three-day weekend in an upbeat mood.

The Dow Jones index surged 186.7 points, or 0.9%, to 20636.92, while the S&P 500 increased 20.06 points, or 0.86%, to 2,349.01.

The tech-heavy Nasdaq gained 51.64 points or 0.89% to 5,856.79.

The US has entered earnings season, with a slew of companies due to release quarterly results in coming weeks.

Netflix, which is scheduled to publish its first quarter results on Monday, fell more than 3% in after hours trading after it gained fewer new subscribers than expected.

Stock prices for several retailers, including Under Armour, Kohl's and Macy's, declined after the US Commerce Department published a disappointing report on US retail sales on Friday.

Trading was light as most European markets were closed due to the Easter bank holiday.