Wall Street Review: Stock Rally Broadens as S&P 500, Nasdaq Hit New Record Highs
2 Articles
2 Articles
Wall Street Review: Stock Rally Broadens as S&P 500, Nasdaq Hit New Record Highs
Wall Street’s multi-week rally turned into an “everything rally” this week amid lower oil prices, steady bond yields, robust earnings, and corporate deals that boosted demand for riskier assets. For the week, the Dow Jones Industrial Average gained 0.22 percent to close at 49,609, below its May 6 peak. The S&P 500 surged by 2.33 percent to close at 7,398, another record high. The Nasdaq Composite led gains for a fifth straight week, soaring by 4…
In April, the main stock indexes of Wall Street (Dow Jones, Nasdaq and S&P 500) showed robust growth. The three recorded gains of more than 7%, 15% and 10%, respectively. In May, the pace prevails. On Friday (8), inclusive, Nasdaq and S&P 500 renewed records, closing with gains of 1.71%, to 26,247 points, and 0.84%, to 7,398 points, respectively. Despite geopolitical volatility, with the war in the Middle East still without a defined deadline to…
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