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Wall St. rises on financials, materials stocks

Reuters NEW YORK

NEW YORK (Reuters) - Financial and commodity-sector stocks led the S&P 500 higher in a low-volume session on Monday after consumer spending rose for a fourth straight month, pointing to a pick-up in U.S. economic growth.

The Dow Jones industrial average rose 107.59 points, or 0.58 percent, to 18,502.99, the S&P 500 gained 11.34 points, or 0.52 percent, to 2,180.38 and the Nasdaq Composite added 13.41 points, or 0.26 percent, to 5,232.33.

(Reporting by Chuck Mikolajczak; Editing by Nick Zieminski)

 

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First Published: Aug 30 2016 | 1:49 AM IST

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