S&P 500, Dow Build on Records as Investors Shake Off Fed Worries

The stock market rebounded from an early slide on Monday after some Republican lawmakers and former central bank and Treasury officials seemed to rally around Federal Reserve Chairman Jerome Powell. The Dow Jones Industrial Average rose 86 points, or 0.2%. The S&P 500 was up 0.2%. The Nasdaq Composite was up 0.3%. The Dow and S&P each built on their closing highs from Friday. The day began with selling in U.S. stocks and bonds, as well as the dollar, after Powell said on Sunday that the Fed received grand j ...