Dow, S&P 500 set to rebound on banks, energy boost

Published by
Reuters

By Devik Jain and Shreyashi Sanyal (Reuters) -The Dow and the S&P 500 index were set to open higher on Monday after declining sharply last week on Omicron and taper fears, with investors swapping technology and growth-heavy shares with banks, energy and economy-linked stocks. Blue-chip stocks such as Goldman Sachs, 3M Co and Chevron Corp all rose more than 1% in premarket trading, while heavyweight growth stocks including Microsoft Corp, Google-owner Alphabet Inc, Meta Platforms and Amazon.com Inc remained flat to lower. “Investors are using this as an opportunity to step in to names that they…

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