Markets Wall Street surges led by gains in Boeing, hope of economic rebound By Madhu Sharma - June 30, 2020 0 6 Facebook Twitter Pinterest WhatsApp news-updates-11593484301024.html#live-20200630082020″/> news-updates-11593484301024.html” itemprop=”mainEntityOfPage”/> 30 Jun 2020, 08:20:20 AM IST Wall Street stocks climb on hope of economic recovery US equities climbed higher on Monday as investors pinned hopes on a stimulus-backed economic rebound. A surge in shares of Boeing to help boost the blue-chip Dow, Reuters reported. The planemaker’s shares jumped 10.2% after a 737 MAX took off from a Seattle-area airport on Monday, the first day of certification flight testing with U.S. Federal Aviation Administration and company test pilots. The Dow Jones Industrial Average rose 479.07 points, or 1.9%, to 25,494.62, the S&P 500 gained 35.93 points, or 1.2%, to 3,044.98 and the Nasdaq Composite added 89.44 points, or 0.9%, to 9,846.66. Each of the 11 major S&P sectors was in positive territory, with industrial and material stocks leading gains. The benchmark S&P 500 has rebounded about 36% from its March 23 closing low. Monday’s gains pushed the index above its 200-day moving average, a technical support level it had fallen through with last week’s decline.