Record high for S&P 500 as Wall Street breaks out of financial lull ========== The ...

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2024-03-27 23:29:58

Record high for S&P 500 as Wall Street breaks out of financial lull
==========

The S&P 500 climbed 44.91 points, or 0.9%, to 5,248.49, marking its first gain since setting its last all-time high on Thursday. The Dow Jones Industrial Average jumped 477.75, or 1.2%, to 39,760.08, and the Nasdaq composite gained 83.82, or 0.5%, to 16,399.52. Merck climbed 5% after federal regulators approved its treatment for adults with pulmonary arterial hypertension. Cintas jumped 8.2% after reporting stronger profit for the latest quarter than analysts expected. Trump Media & Technology Group rose another 14.2%. Robinhood Markets climbed 3.7% after unveiling its first credit card. Nvidia slumped 2.5% after a second straight loss. GameStop tumbled 15% after delivering a profit for the latest quarter and a drop in revenue from the prior year. Treasury yields slipped, with the yield on the 10-year Treasury falling to 4.19%. The US government will release the latest monthly update on consumer spending on Friday. The S&P 500 is on track for a fifth straight winning month. The Federal Reserve is expected to begin cutting its main interest rate in June. Chinese stocks tumbled in Hong Kong and Shanghai. Divers recovered two bodies from a collapsed Baltimore bridge.

#S&p500 #WallStreet #StockMarket #Merck #Cintas #TrumpMedia&TechnologyGroup #RobinhoodMarkets #Nvidia #Gamestop #TreasuryYields #FederalReserve #ChineseStocks #BaltimoreBridge

https://www.1news.co.nz/2024/03/28/record-high-for-sp-500-as-wall-street-breaks-out-of-financial-lull/

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2024-03-27 23:29:58

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