Dow adds 372 points, Nasdaq 1.3% as Peloton soars 25%

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Dow adds 372 points, Nasdaq 1.3% as Peloton soars 25%
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Stocks march higher, Peloton cuts losses as CEO sidelined

The S&P 500 and Nasdaq Composite curbed losses and rose by 0.8% and 1.3%, respectively, while the Dow Jones Industrial Average rose over 370 points or 1.06% led by Amgen after the biotech giant announced a $6 billion share buyback.

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Former Spotify executive tapped to take over Peloton as CEO resignsFormer Spotify executive tapped to take over Peloton as CEO resignsJohn Foley, a Peloton co-founder, will still have a role at the company as executive chair of Peloton Interactive.
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