U.S. stock benchmarks rallied on Monday, as a recent aversion to assets considered risky on the back of fears about tensions between the U.S. and North Korea receded somewhat. The Dow Jones Industrial Average rose 0.7% at 22,000, led by a more than 2% jump in shares of Goldman Sachs Group Inc. . The S&P 500 index advanced 0.9% at 2,463, buoyed by a 1.1% surge in the financials and technology sectors [s:XLK], and the tech-heavy Nasdaq Composite Index rose 1.1% at 6,324. The rebound in equities follows a one of the worst weeks in U.S. stock benchmarks in months, and also comes after a weekend of violence in Charlottesville, Va., which was the scene of angry clashes centered on a white-supremacist rally that left one person dead. Shares of Merck & Co. Inc. rose 0.8% as CEO Kenneth Frazier resigned from the President Donald Trump’s American Manufacturing Council, citing his disagreement with POTUS’s response to the Virginia violence. In other corporate news, shares of Tesla Inc. rose nearly 2% higher after Baird analyst Ben Kallo, a longtime Tesla bull, hiked his price target for the electric-car maker’s stock to $411 from $368.
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