At the start of the week, buying focused on retail and consumer goods stocks in the New York stock market ahead of earnings announcements by major companies, and the Dow finished more than $195 higher. The Nasdaq, meanwhile, declined. The Columbus Day holiday also affected market closures.
At the start of the week, the Dow Jones Industrial Average closed at $51,850.55, up $195.60 from the previous day, while the tech-heavy Nasdaq Composite closed at 27,245.90, down 120.27 points.
The bond and foreign exchange markets were closed for the Columbus Day holiday, and the stock market itself lacked fresh catalysts.
Ahead of the main round of corporate earnings announcements, buying reportedly focused particularly on retail and consumer goods stocks.
Investors are focused on upcoming corporate earnings announcements and market developments.