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May 23, 2022, 9:36 a.m. EDT

Stocks open higher after Dow's 8th straight weekly loss

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By William Watts

U.S. stocks opened higher Monday, attempting to bounce after another week of losses for major indexes. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA +1.05% rose 266 points, or 0.8%, after logging an eight straight weekly fall on Friday, its longest streak of weekly declines since 1932, according to Dow Jones Market Data. The S&P 500 /zigman2/quotes/210599714/realtime SPX +1.06% was up 0.7% at 3,931, while the Nasdaq Composite /zigman2/quotes/210598365/realtime COMP +0.90% edged up 0.3% to 11,384. The S&P 500 on Friday temporarily traded below the threshold that marks a 20% retreat from its Jan. 3 record close. A finish below that level would put the large-cap benchmark in a bear market. The S&P 500 and Nasdaq posted their seventh straight weekly losses on Friday, their longest streaks since 2001.

/zigman2/quotes/210598065/realtime
US : Dow Jones Global
31,097.26
+321.83 +1.05%
Volume: 313.35M
July 1, 2022 5:45p
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/zigman2/quotes/210599714/realtime
US : S&P US
3,825.33
+39.95 +1.06%
Volume: 2.20B
July 1, 2022 5:45p
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/zigman2/quotes/210598365/realtime
US : Nasdaq
11,127.85
+99.11 +0.90%
Volume: 4.11M
July 1, 2022 5:16p
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