Stocks extended their push into record heights on Wall Street, led by big gains in chipmakers.
The S&P 500 rose 0.3% Thursday to set an all-time high for a third straight day. The Dow Jones Industrial Average climbed 0.7%, and the Nasdaq composite added 0.2%.
Both also added to their records set a day before. Micron led chipmakers after reporting blowout results for its latest quarter that easily surpassed analysts’ expectations. Reddit shares soared in their first day of trading. They helped offset a drop for Apple, which got hit with an antitrust suit from the U.S. Department of Justice.
On Thursday:
The S&P 500 rose 16.91 points, or 0.3%, to 5,241.53.
The Dow Jones Industrial Average rose 269.24 points, or 0.7%, to 39,781.37.
The Nasdaq composite rose 32.43 points, or 0.2%, to 16,401.84.
The Russell 2000 index of smaller companies rose 23.68 points, or 1.1%, to 2,098.56.
For the week:
The S&P 500 is up 124.44 points, or 2.4%.
The Dow is up 1,066.60 points, or 2.8%.
The Nasdaq is up 428.66 points, or 2.7%.
The Russell 2000 is up 59.24 points, or 2.9%.
For the year:
The S&P 500 is up 471.70 points, or 9.9%.
The Dow is up 2,091.83 points, or 5.6%.
The Nasdaq is up 1,390.48 points, or 9.3%.
The Russell 2000 is up 71.49 points, or 3.5%.
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
Options trading isn’t just for the Wall Street elite; it’s an accessible strategy for anyone armed with the proper knowledge. Think of options as a strategic toolkit, with each tool designed for a specific financial task. Keep reading to learn how options trading can help you use the market’s volatility to your advantage.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
