All three major U.S. stock indexes were higher in the last hour of trading on Monday, reversing course from a lower open, as investors appeared to brush aside soft economic data from China. The Dow Jones Industrial Average and the S&P 500 were up by 0.4% each, while the Nasdaq Composite gained 0.7%. The moves expand upon the S&P 500 and Nasdaq’s four straight weeks of gains. Strategists were divided, however, over whether the rally in equities could continue, with those at BlackRock saying it isn’t worth chasing. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.
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