Wall Street gets respite from positive data, dollar pullback

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Wall Street gets respite from positive data, dollar pullback
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Amid a confounding mix of economic signals, Wall Street shares edge up on Monday, February 27, a sign of potential bargain hunting.

Wall Street and global shares rebounded modestly on Monday, February 27, on favorable economic data and bargain hunting, but remained within sight of recent six-week lows, as investors prepared for higher interest rates in the United States and Europe.

Amid a confounding mix of economic signals, Wall Street shares edged up on Monday, a sign of potential bargain hunting. The Dow Jones Industrial Average rose 0.2% to 32,889.09, the S&P 500 gained 0.3%, at 3,982.24, and the Nasdaq Composite added 0.6%, at 11,466.98.

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