S&P 500 rockets past 5,600 in 37th record close of 2024

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Julie Hyman

All three of the major market averages end the day by over 1% higher apiece. The Dow Jones Industrial Average (^DJI) rockets higher by 429 points, and the...

) post their latest record highs. This is the 37th record-high close for the S&P 500 in 2024 as it climbs above 5,600 for its first time.Over time, we're joined by Jared to get up to speed on the action from today's session.29 points, 1.1% here, the S and P 500 also finishing higher by more than 1% above 5600, trading at another record seven straight higher 37th record close of the year.

Jared and I know we've been beating this horse a lot this year, but indeed a lot of what we saw today did have to do with that mega cap tech, you bet. Uh, but sometimes, given the end of the day, dynamic dynamics and also the fact that you can have volatility rising on the way up.Is ho hovering right by them?

Just another run and you take on you tack on another one third of a percent, getting pretty close to, uh, what I would consider the big resistance somewhere at 300 but not quite there just yet.So that would be Philly Chip Index.We have home builders and regional banks gearing up for, uh, big banks, which kick off earnings season this Friday.Actually, about half to 3/5 of these, uh, were read on the day, and then you compare that with semiconductors.

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