Stock Market Shakes Off Geopolitical Worries, Weak Data To Trade Solidly Higher

By Mark DeCambre Markets MarketWatch Pulse

U.S. stocks kicked off trade on Monday with solid gains, setting the stage for a modest bounce after a three-day Easter holiday weekend. The Dow Jones Industrial Average rose 70 points, or 0.3%, at 20,526, the S&P 500 index rose 7 points, or 0.3%, at 2,335, while the Nasdaq Composite Index advanced 22 points, or 0.4%, at 5,828. The tech-laden Nasdaq was trying to avoid its first four-session skid since November. A number of European markets remained closed in observance of Easter Monday. Moves for markets follow rising geopolitical tensions, including a warning from U.S. Vice President Mike Pence, who told Pyongyang not to test President Donald Trump's "resolve" after a failed missile test over the weekend. In corporate news, shares of United Continental Holdings , parent of United Airlines, was trading higher and set to report quarterly earnings later Monday after the close of trade. The air carrier has been at the center of a public-relations storm after passenger Dr. David Dao was forcibly dragged off a flight last week, as it sought to reaccomodate its own staffers. In economic data, a reading of New York manufacturing, the Empire State Index, disappointed, falling to a reading of 5.2 in April from a two-year high of 16.4 in March.

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