Dow Jumps 345 Points On Upbeat Economic Data Before U.S. Election

• The Dow Jones Industrial Average rose by as much as 345 points on Monday.
• Upbeat China data outweighed new virus lockdowns and uncertainty surrounding the U.S. presidential election.
• More volatility will arise from the U.S. presidential election.

Dow, S&P 500, Nasdaq Rally

Upbeat China Data Outweighs Concerns About Virus Cases And U.S. Election

Simon Ballard, chief economist at First Abu Dhabi Bank Pjsc, said:

Whichever way you look at it, this coming week will be huge for U.S. and global markets. We see the potential for a sharp rise in volatility around these events — and all in the context of a still deteriorating Covid-19 situation across much of the U.S., Europe and elsewhere.