Stocks rise on Wall Street, clawing back bit of 4-week slump

September 28, 2020 News On Demand
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The Wall Street street sign is framed by a giant American flag hanging on the New York Stock Exchange, in a Monday, Sept. 21, 2020 file photo. Stocks are opening higher on Wall Street, recovering after their first four-week losing streak in more than a year. A burst of corporate deals helped give investors confidence to put money back in the market, and the S&P 500 rose 1.4% in the early going Monday, Sept. 28, 2020. (AP Photo/Mary Altaffer, File)

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NEW YORK (AP) — U.S. stocks are rallying Monday, as Wall Street claws back some of its sharp and sudden September losses. The S&P 500 was 1.5% higher in late morning trading, following up on its first four-week losing streak in more than a year. Momentum has been ultra-quick to shift recently, though, and the market has had several early gains quickly vanish. The S&P 500′s gain for Monday has veered between 1% and 1.8%. Several companies announced big mergers and acquisitions, which helped to push markets higher. Big Tech stocks were also rebounding from their sharp September drops.