Stocks closed higher on Wall Street, sending the Dow Jones Industrial Average to another all-time high.
The Dow added 1% Monday to the record it set on Friday. The S&P 500 rose 0.3%, while the Nasdaq composite rose 0.3%. Treasury yields eased in the bond market after President-elect
Donald Trump said he wants Scott Bessent, a hedge fund manager, to be his Treasury Secretary. Smaller companies can feel a big boost from easier borrowing costs, and the Russell 2000 index of small stocks jumped 1.5%, closing just shy of the record high it set three years ago.
On Monday:
The S&P 500 rose 18.03 points, or 0.3%, to 5,987.37.
The Dow Jones Industrial Average rose 440.06 points, or 1%, to 44,736.57.
The Nasdaq composite rose 51.18 points, or 0.3%, to 19,054.84.
The Russell 2000 index of smaller companies rose 35.36 points, or 1.5%, to 2,442.03.
For the year:
The S&P 500 is up 1,217.54 points, or 25.5%.
The Dow is up 7,047.03 points, or 18.7%.
The Nasdaq is up 4,043.48 points, or 26.9%.
The Russell 2000 is up 414.96 points, or 20.5%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Wondering what the next stocks will be that hit it big, with solid fundamentals? Click the link below to learn more about how your portfolio could bloom.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
