WNYT NewsChannel 13 on Nostr: Stock market today: A widespread rally sends Wall Street to records, and the Dow ...
Stock market today: A widespread rally sends Wall Street to records, and the Dow leaps 740 points
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The S&P 500 climbed 0.6% to set an all-time high for the 38th time this year. The Dow Jones Industrial Average leaped 742 points, or 1.8%, to lead the market a day after setting its own record. UnitedHealth Group drove the market after reporting stronger-than-expected results for the spring. Bank of America rallied 5.3% after reporting stronger profit for the latest quarter than forecast. Several big winners from the day before, which benefited from heightened expectations for former President Donald Trump to retake the White House, gave back some of their immediate jumps following Trump’s dodging of questions over the weekend. The S&P 500 rose 35.98 points to 5,667.20. The Dow jumped 742.76 to 40,954.48, and the Nasdaq composite added 36.77 to 18,509.34. The yield on the 10-year Treasury dropped to 4.16% from 4.23% late Monday. Traders are still betting on a 100% probability that the Fed will cut its main interest rate in September.
https://wnyt.com/us-news/stock-market-today-a-widespread-rally-sends-wall-street-to-records-and-the-dow-leaps-740-points/
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The S&P 500 climbed 0.6% to set an all-time high for the 38th time this year. The Dow Jones Industrial Average leaped 742 points, or 1.8%, to lead the market a day after setting its own record. UnitedHealth Group drove the market after reporting stronger-than-expected results for the spring. Bank of America rallied 5.3% after reporting stronger profit for the latest quarter than forecast. Several big winners from the day before, which benefited from heightened expectations for former President Donald Trump to retake the White House, gave back some of their immediate jumps following Trump’s dodging of questions over the weekend. The S&P 500 rose 35.98 points to 5,667.20. The Dow jumped 742.76 to 40,954.48, and the Nasdaq composite added 36.77 to 18,509.34. The yield on the 10-year Treasury dropped to 4.16% from 4.23% late Monday. Traders are still betting on a 100% probability that the Fed will cut its main interest rate in September.
https://wnyt.com/us-news/stock-market-today-a-widespread-rally-sends-wall-street-to-records-and-the-dow-leaps-740-points/