The Dow Jones Industrial Average was up 0.6%, over 150 points, on Wednesday, while the S&P 500 rose 0.5% and the tech-heavy Nasdaq Composite gained 0.6%.for markets, a day after the S&P 500 and Nasdaq closed at new record highs.
Private payrolls increased by 428,000 in August—almost double that of the previous month, but still well below Dow Jones estimates of 1.17 million, according to ADP. Meanwhile, mortgage demand for homebuyers rose 28% from last year, as more people look to take advantage of low rates and move out of cities, according to data from the Mortgage Bankers Association.net worthApple’s stock continued its momentous rally, rising by around 0.5% just days after the company recently announced a 4-for-1 stock split.
Other Big Tech stocks also moved higher, with Amazon and Google-parent Alphabet each rising by 1%, while Facebook rose by more than 0.5%.“With a rally of 0.75% yesterday, the S&P 500 kicked off the month with its best start to a September since 2010,” according to Bespoke Investment Group. “Gains of this magnitude are not particularly common for the start of September.” Investors continue to closely watch for updates on the next coronavirus stimulus bill from Congress.
The Dow which has been down for more than a month? That one?
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market live updates: Stocks mostly lower, new Dow additions, best August since 1984Both the S&P 500 and the Dow Jones Industrial Average fell early into the month’s final trading session. Follow along with the latest stock market updates here: All the day traders are locked out this morning. If Biden is elected and we get a good federal plan going, our children will still be 1 year behind. If Trump wins, our children are screwed.
Source: CNBC - 🏆 12. / 72 Read more »
The Dow Jones Industrial Average Is Changing: What Does It Mean For You?The Dow is an index of 30 of the largest companies in the U.S., and a barometer of the stock market as a whole. At the open of trading today, Dow stalwarts Exxon and Raytheon will be replaced by Salesforce.com and Amgen, in the first DJIA shake-up in two years. Why can't we just bond?
Source: Forbes - 🏆 394. / 53 Read more »
As Dow undergoes makeover, traders see one stock as best catch-up play to the rallyWith the Dow shaking up its constituents Monday, Craig Johnson of Piper Sandler and Gina Sanchez of Chantico Global agree that one of its beaten-down stocks could be poised to play catch-up.
Source: CNBC - 🏆 12. / 72 Read more »
Stock market live updates: Dow clinches best August since 1984, tech leads, Tesla surgesLeon Cooperman on the Fed’s coronavirus response and a “dramatic expansion of market valuations”: “Frankly, the president should kiss the chairman on all four cheeks in my opinion.” Maybe he will, but first his Sponsor, Putin (who may now give permission for DT to kiss someone else's cheeks, after their very successful Bounty Agreement (where our dog in that hunt got much more than bones!)! Funny how CNBS still think the term sell in may go away is a thing it hasn't been a thing in 5 years now. This is why CNBS is so bad at their job they are stupid ppl on these shows. LOVE this guy - a voice of reason in a sea of irrational exuberance! DUMB MONEY pays when the party is over. Anyone buying into this market at these valuations is PAYING FOR THE PARTY.
Source: CNBC - 🏆 12. / 72 Read more »
U.S. stocks start September off with more gains, led by techWall Street kicked off September with another set of milestones Tuesday, as an afternoon rally carried the S&P 500 and Nasdaq composite to all-time highs. ok Are you NEW to FOREX? Minimize your losses with my expert strategy with an investment capital of $300, i can guarantee $3,500 as profits after 5days of investment without sending money to anyone . Inbox me if interested.
Source: latimes - 🏆 11. / 82 Read more »