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

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 -0.06% closed up almost 619 points, or about 2%, while the S&P 500 /zigman2/quotes/210599714/realtime SPX -0.10% climbed around 1.9% and the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.11% 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 -0.90% and Citigroup Inc. /zigman2/quotes/207741460/composite C -1.52% each jumped around 6%, preliminary FactSet data show.

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Add to watchlist DJIA

Dow Jones Industrial Average

US : Dow Jones Global

30,948.51

-19.31 -0.06%

Volume: 41.00M

July 6, 2022 10:05a

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S&P 500 Index

US : S&P US

3,827.53

-3.86 -0.10%

Volume: 298.27M

July 6, 2022 10:05a

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NASDAQ Composite Index

US : Nasdaq

11,310.12

-12.12 -0.11%

Volume: 783,793

July 6, 2022 10:05a

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JPMorgan Chase & Co.

US : U.S.: NYSE

$ 111.61

-1.01 -0.90%

Volume: 985,290

July 6, 2022 10:05a

P/E Ratio

8.30

Dividend Yield

3.58%

Market Cap

$330.77 billion

Rev. per Employee

$463,153

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Citigroup Inc.

US : U.S.: NYSE

$ 45.90

-0.71 -1.52%

Volume: 1.58M

July 6, 2022 10:05a

P/E Ratio

5.43

Dividend Yield

4.43%

Market Cap

$90.51 billion

Rev. per Employee

$357,498