Overview
- The Dow Jones Industrial Average rose 319.10 points to 48,382.39 on Jan. 2 versus Dec. 31.
- The advance ended a four-session losing streak and marked the first gain in five trading days.
- Traders cited bargain hunting after early profit-taking and position adjustments faded.
- Investor sentiment was helped by expectations that the next Federal Reserve chair may pursue aggressive easing, according to the reports.
- The Nasdaq Composite slipped for a fifth day, down 6.36 points to 23,235.63, with Caterpillar and Boeing higher and Salesforce weaker.