- Stocks on Wall Street ended up on Monday (Tuesday morning GMT ) , supported solid earnings reports from Citigroup and encouraging retail sales data , reversing deep losses last weekend .
The Dow Jones Industrial Average jumped 146.49 points ( 0.91 percent ) to close at 16173.24 , while the S & P 500 rose 14.92 points ( 0.82 percent ) to finish at 1830.61 , AFP reported .
The tech -heavy Nasdaq composite index has fallen sharply over the past month , increased 22.96 points ( 0.57 percent ) to close at 4022.69 .
The gains came after the U.S. government reported retail sales jumped 1.1 percent in March , better than expected . Citi 's first quarter earnings also beat analysts' estimates .
Citigroup profit convincing positive results that have disappointed investors with earnings being released on Friday ( 11/4 ) of JPMorgan Chase & Co. , the largest U.S. bank by assets .
However , the upward momentum seems to be limited , as investors were reluctant to make big bets before gathering more evidence about the health of the world 's largest economy from the revenue banks other major U.S. , which will be out later this week , including Bank of America on Wednesday and Morgan Stanley and Goldman Sachs on Thursday .
The increase in the Nasdaq appears to be still lagging behind by two other indices . Shares trendy like Facebook and Tesla Motors have been vulnerable to concerns about other technology stock bubble .
Peter Cardillo , chief market economist at Rockwell Global Capital , said the technology stock investors are still " a little anxious " ahead of the earnings report on Tuesday and Wednesday from Google , Intel and Yahoo .
" After several days of strong decline , the market is trying to stabilize , " said Cardillo .
Most of the technology and biotechnology stocks were hit hard enjoying a good day . Yahoo rose 1.8 percent , Intel jumped 1.5 percent , 2.0 percent and increased Biogen Google and Apple each rose 0.4 percent .
But Tesla slumped 2.8 percent .
Credit card companies Visa and Mastercard each rose 2.2 percent and 3.6 percent .
Major oil companies are also more powerful . At Dow , ExxonMobil added 1.2 percent and Chevron gained 1.4 percent .
Investors smile because Citi earnings report , which comes at 1.23 per share , excluding special items , well above the 1.14 dollars projected by analysts . Citi shares rose 4.4 percent .
Medtronic and Edwards Lifesciences shares reacted to the U.S. court ruling on Friday ( 11/4 ) who ordered a ban on the sale of the Medtronic CoreValve heart valve system in the U.S. .
Medtronic shares fell 1.9 percent , while Edwards shares jumped 11 percent .
Medtronic appealed the ban , which is related to a patent dispute between the companies .
Bond prices vary . The yield on U.S. 10 - year government rose to 2.64 percent from 2.62 percent on Friday , while the 30 - year held steady at 3.48 percent . Prices and bond yields move inversely .
Gold futures on the COMEX division of the New York Mercantile Exchange gained on Monday (Tuesday morning GMT ) to close at the highest level in three weeks , due to tension in Ukraine increase the appeal of " safe haven " for investors metals .
The most active gold contract for June delivery rose 8.5 dollars, or 0.64 percent, to settle at 1327.5 dollars per ounce . It was the highest close for a most-active contract since March 21 , statistics show , Xinhua reported .
Most responded gold as an asset " safe-haven " ( a safe haven ) for Ukraine remains the headlines and Russian troops gathered along the border , according to market analysts .
In eastern Ukraine , the pro - Russian militants are reported to have ignored the deadline issued by the government in Kiev to disarm or face military action , because the deadline has now passed . The militants and other activists have extended their grip in all regions of eastern Ukraine .
Some analysts believe that the conflict is likely to remain a major driving factor for at least one market this week , limiting investor interest in selling gold at least for the short term , if not become directly support price increases .
Silver for May delivery rose 6.4 cents, or 0.32 per cent to close at 20.010 dollars per ounce .
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