US Stock Market: Major Indices Close Higher
CryptoNewsTerminal Staff13 Sep, 2024
US Stock Market: Major Indices Close Higher
The three major indices of the US stock market closed higher on Monday, with the Dow Jones Industrial Average gaining 1.3%, the S&P 500 up 1.2%, and the Nasdaq Composite rising 1.1%. The gains were broad-based, with all 11 sectors of the S&P 500 closing in positive territory. The energy sector led the advances, rising 1.9%, followed by the financials sector, which gained 1.7%. The strong performance of the stock market was attributed to a number of factors, including better-than-expected economic data from China and positive earnings reports from several major companies. The market was also boosted by news that Pfizer and BioNTech had begun clinical trials for a new COVID-19 vaccine.
