Hopes for continued stimulus push Wall Street indices to spikes record

The Nasdaq reached a record Wednesday, as weaker-than-expected private sector employment data fueled hopes for an extension of support from the US Federal Reserve.

The Dow Jones Industrial Average rose 26.82 points, or 0.08%, to 35,387.55 points.

The Standard & Poor’s 500 Index rose 6.12 points, or 0.14%, to 4,528.80 points.

The Nasdaq Composite Index gained 49.74 points, or 0.33%, to 15,308.98 points.

The three major Wall Street indices closed yesterday in slight decline, affected by losses in technology stocks, but posted a good performance performance for the month of August, traditionally one of the quietest periods in the US stock market.

The S&P 500 index ended the month with a gain of 2.9%, the seventh consecutive monthly increase for the index.

While the Dow Jones was up 1.9%. The strongest gain was the Nasdaq index, in rise of 4%.

Read More About: Business News

Leave a Reply