Stocks Surge in Early Trade; Dow Jones Up 300 - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Stocks Surge in Early Trade; Dow Jones Up 300

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Courtesy: MGN, Billie Grace Ward / CC BY 2.0 Courtesy: MGN, Billie Grace Ward / CC BY 2.0

Stocks are surging in early trading on Wall Street, sending the Dow Jones industrial average up as much as 300 points in early trading.

Technology companies and banks are posting some of the biggest gains Monday. Cisco Systems rose 2.9% and Citigroup climbed 2%.

The market is coming off a turbulent week that left major indexes with their biggest weekly losses in two years.

The Dow industrials were up 270 points, or 1.1%, to 24,461.

The broader Standard & Poor's 500, which many index funds track, rose 30 points, or 1.1%, to 2,648. The Nasdaq composite gained 74 points, or 1.1%, to 6,948.

Bond prices didn't move much. The yield on the 10-year Treasury note held steady at 2.86%.

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