Dow staging 424-point U-turn to turn positive Monday afternoon as Goldman, JPMorgan and Nike stocks soar

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Afternoon Monday of the Dow Jones Industrial Average shook off an early Christmas week sale to turn positive, with investors processing reports of a new coronavirus strain raging in the UK against the apparent advance of a coronavirus aid package that will be cemented in the US The Dow Jones Industrial Average [: DJIA] had dropped a whopping 424 points from Monday’s low, but was now up 20 points or less than 0.1% to 30,187, finally after hitting an intraday low of 29,755.53, FactSet data shows. Gains for the blue chip benchmark were supported by a rise in Goldman Sachs GS shares,
+ 6.74%
and JPMorgan Chase & Co. JPM,
+ 4.66%
and Nike Inc. FROM,
+ 5.31%.
The S&P 500 index SPX,
-0.37%
traded 0.6% lower at 3,688 but fell its low at 3,636.48, while the Nasdaq Composite Index COMP,
-0.19%
was down 0.5% to 12,697, but well removed from its Monday low of 12,525.22.

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