Dow Climbs Over 1 Percent on Cyclical Boost; Nvidia Weighs on Nasdaq

Dow Climbs Over 1 Percent on Cyclical Boost; Nvidia Weighs on Nasdaq
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City on Nov. 8, 2021. Brendan McDermid/Reuters
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The Dow rallied over 1 percent on Monday as economy-linked banks and energy stocks roared back after sharp declines in the previous week, while Nasdaq struggled to keep pace as Nvidia dragged down chipmakers.

Blue-chip stocks such as Honeywell International, Chevron Corp., Goldman Sachs, 3M Co., and Boeing Co. gained between 1.4 percent and 3.8 percent, powering the Dow Jones Industrial Average higher.