US stocks jumped on Monday with finance and technology shares providing much of the upside muscle, as upbeat quarterly earnings results revived risk appetite and investors grew less fearful about regional bank credit quality.
A broad rally sent all three major U.S. stock indexes to a sharply higher close. The small cap Russell 2000 (.RUT), opens new tab outperformed its larger counterparts, rising 2.0%.
"It's a good, solid, across-the-board move, there's not a lot of negative in the market," said Paul Nolte, senior wealth advisor & market strategist at Murphy & Sylvest in Elmhurst, Illinois. "There’s some relief from the financials ... investors are looking at it as maybe a bit of an overreaction on the downside last week."
"As far as the market’s concerned, everything is wonderful agai