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May 23, 2022, 4:05 p.m. EDT

Dow climbs more than 600 points, U.S. stocks end sharply higher as Wall Street banks jump

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By Christine Idzelis

All three major stock benchmarks ended sharply higher Monday, kicking off the week with gains as shares in the financials sector jumped. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +0.73% closed up almost 619 points, or about 2%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX +0.96% climbed around 1.9% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +1.29% rose about 1.6%, according to preliminary FactSet data. The financials sector booked the biggest gains in the S&P 500 index, rising around 3.2% Monday, as Wall Street banks JPMorgan Chase & Co. /zigman2/quotes/205971034/composite JPM +2.25% and Citigroup Inc. /zigman2/quotes/207741460/composite C +2.06% each jumped around 6%, preliminary FactSet data show.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,265.20
+227.52 +0.73%
Volume: 26.69M
July 7, 2022 9:46a
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/zigman2/quotes/210599714/realtime
US : S&P US
3,881.85
+36.77 +0.96%
Volume: 188.53M
July 7, 2022 9:46a
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,508.06
+146.21 +1.29%
Volume: 459,653
July 7, 2022 9:46a
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/zigman2/quotes/205971034/composite
US : U.S.: NYSE
$ 114.41
+2.52 +2.25%
Volume: 523,746
July 7, 2022 9:46a
P/E Ratio
8.43
Dividend Yield
3.52%
Market Cap
$328.63 billion
Rev. per Employee
$463,153
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/zigman2/quotes/207741460/composite
US : U.S.: NYSE
$ 47.10
+0.95 +2.06%
Volume: 469,042
July 7, 2022 9:46a
P/E Ratio
5.53
Dividend Yield
4.35%
Market Cap
$89.62 billion
Rev. per Employee
$357,498
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