Dow Jones, S&P 500, and Nasdaq All Soar to Close at Record Highs

IconCryptoNewsTerminal Staff10 Jul, 2024

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Dow Jones, S&P 500, and Nasdaq All Soar to Close at Record Highs

The three major indices of the U.S. stock market closed higher on Monday, reaching all-time record highs. The S&P 500 gained 1.02%, the NASDAQ surged 1.18%, and the DOW jumped 1.09%. The positive market performance was attributed to a combination of factors, including strong corporate earnings reports and optimism about the post-pandemic economic recovery. Investors were also encouraged by the recent passage of the infrastructure bill, which is expected to boost economic growth. The tech-heavy NASDAQ led the gains, with Apple, Microsoft, and Amazon all posting strong gains. The S&P 500 was also boosted by strong performance from financials and industrials. The Dow was led by gains from Caterpillar, Boeing, and 3M.

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