US Stocks Edge Higher: Major Indexes Continue Uptrend
CryptoNewsTerminal Staff21 May, 2024
US Stocks Edge Higher: Major Indexes Continue Uptrend
The three major U.S. stock indexes extended their gains on Wednesday, pushing higher from the previous session. This positive momentum suggests that investors remain optimistic about the overall health of the economy and the prospects for corporate earnings. S&P 500: +0.25% Nasdaq: +0.22% * Dow: +0.17% The S&P 500, a broad measure of the U.S. stock market, rose by 0.25%, reaching a new all-time high. The Nasdaq, which is heavily weighted towards technology stocks, also climbed by 0.22%, continuing its strong performance in recent weeks. The Dow Jones Industrial Average, a gauge of 30 large blue-chip companies, advanced by 0.17%, staying above the 36,000 level. This latest increase in stock prices builds on the gains made on Tuesday, when the major indexes all closed higher. The positive sentiment in the market can be attributed to several factors, including strong corporate earnings, progress on the COVID-19 vaccine front, and an accommodative stance from the Federal Reserve.
