US STOCKS-Stocks rise on cyclical boost but megacaps curb gains ...Middle East

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US STOCKS-Stocks rise on cyclical boost but megacaps curb gains
source : Devdiscourse ( Middle East ) () 49
U.S. stocks rose in a choppy session on Monday as hopes for a COVID-19 vaccine boosted economically sensitive sectors such as energy and industrials, but a pullback in megacap shares held gains in check. Cyclical sectors led gains, with energy ahead by more than 5% and industrials and financials each up more than 1%, as data showed monthly business activity expanded at the fastest rate in more than five years.

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