US Market: All Three Major Indices Closed Higher on Wednesday

IconCrypto News Terminal22 Apr, 2024

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US Market: All Three Major Indices Closed Higher on Wednesday

The US stock market's three major indices closed higher on Wednesday, continuing their positive momentum from the previous session. The S&P 500 gained 0.87%, the Nasdaq Composite rose 1.11%, and the Dow Jones Industrial Average advanced 0.67%. Several factors contributed to the market's gains, including strong earnings reports from major companies and optimism about the upcoming earnings season. Investors were also encouraged by positive economic data, such as the latest GDP report, which showed that the US economy grew at an annualized rate of 2.7% in the fourth quarter of 2023. Previously on 22 April 2024, the US stock market's three major indices closed higher, with the S&P 500 gaining 0.87%, the Nasdaq Composite rising 1.11%, and the Dow Jones Industrial Average advancing 0.67%.

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