Stocks started a holiday-shortened week on a positive note Monday as President Joe Biden announced he would nominate Jerome Powell to serve a second term as Federal Reserve chairman. The Dow Jones Industrial Average rose around 87 points, or 0.2%, to 35,689, while the S&P 500 rose 0.4% to 4,718.93 and the Nasdaq Composite gained 0.5% to 16,140.15.
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