Dow and S&P 500 Hit Record Highs with 700+ Point Surge
TL;DR Summary
The Dow Jones Industrial Average surged 742 points, marking its best day of the year, driven by gains in companies like United Health and Caterpillar. Small caps in the Russell 2000 also saw significant gains, rising 3.5%. The rally coincides with the Republican National Convention and expectations of a Federal Reserve rate cut. The Dow is up 8.6% this year, while the Nasdaq Composite leads with a 23% increase, fueled by AI-focused companies.
- Dow jumps 742 points, small caps celebrate USA trade Fox Business
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- Dow and S&P 500 close at record highs as investors bet on September rate cut CNN
- Dow soars more than 700 points to close at another record high The Washington Post
- Stock futures are little changed after Dow posts best day since June 2023: Live updates CNBC
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