S&P 500 Hits Record High And Dow Climbs 200 Points After Blowout Earnings And Economic Data

  • 📰 Forbes
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 53%

Business News News

Business Business Latest News,Business Business Headlines

The S&P 500 closed at a new record high today after monthly economic data alleviated concerns over rising inflation

Ending a choppy session that initially pulled markets into negative territory, the S&P 500 closed at a new record high Tuesday after monthly economic data alleviated concerns over rising inflation while a string of strong corporate earnings fueled optimism over the economic recovery. Key Facts

The S&P 500 ticked up 36 points, or 0.8%, on Tuesday to close at 4,423 points, beating out its last record close on July 26 and pushing gains this year to nearly 20%. Meanwhile, the Dow Jones Industrial Average and tech-heavy Nasdaq, which are both up about 16% this year, climbed 0.8% and 0.6% to 35,117 and 14,761 points, respectively, ending the day within 1% of their latest highs last month.

Reversing early losses, stocks started to surge after new U.S. factory data at 10 a.m. EDT showed a stronger-than-expected

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 394. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines