New York, July 10 (IANS) US stocks traded on an upbeat note as financial shares rallied, bolstering the market.<br> <br>The Dow Jones Industrial Average on Monday jumped 279.38 points, or 1.14 per cent, to 24,735.86. The S&P 500 was up 20.44 points, or 0.74 per cent, to 2,780.26, Xinhua news agency reported.
The Nasdaq Composite Index climbed 40.59 points, or 0.53 per cent, to 7,728.98.<br> <br>Many major bank stocks gained. Shares of Bank of America, JPMorgan Chase & Co. and Goldman Sachs all rose more than 2 per cent.<br> <br>Trading mood was lifted by a slew of encouraging data released last week. This market optimism overshadowed the concerns over trade tensions between Washington and its key trading partners, experts noted.<br> <br>Shares of Caterpillar and Boeing advanced 3.84 per cent and 1.70 per cent, respectively, around midday. The two stocks are sensitive to trade tensions since they have a large portion of overseas business.<br> <br>US stocks notched weekly gains over the past week, with the Dow, the S&P 500 and the Nasdaq climbing 0.76 per cent, 1.52 per cent and 2.37 per cent, respectively.
–IANS<br>pgh/
Source: IANS
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