Stocks close higher, Nasdaq in the lead, as value rotation fizzles

/ / News

U.S. stocks closed mostly higher on the Veteran’s Day holiday, with some familiar names pacing the pack, as investors retreated to the safety of stocks that have done well throughout the coronavirus crisis. The Dow Jones Industrial Average lost 21 points, 0.1%, to close at about 29,400, based on preliminary readings, while the S&P 500 gained 27 points or 0.8%, closing at about 3,573. The Nasdaq Composite index surged 2%, 233 points, to end the day near 11,786. Shares of stay-at-home winners rallied, with Etsy Inc. and Zoom Communications Inc. both up more than 9% for the day.
Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.