All articles tagged with #record close
Originally Published 18 days ago — by CNBC
Stocks recently achieved a record close, but market analyst Katie Stockton is cautious and watching for signs of a potential downturn, despite the positive close.
Originally Published 3 months ago — by TheStreet
Gold has reached a historic milestone, breaking its inflation-adjusted record from 1980 and experiencing its best year since 1979, driven by geopolitical uncertainty, investor inflows into gold ETFs, and its status as a safe haven asset, with prices continuing to rise and surpassing previous records.
Originally Published 1 year ago — by MarketWatch
The Nasdaq reached a new high as U.S. stocks secured weekly gains, with the tech-heavy index closing at a record level.
Originally Published 2 years ago — by Reuters
The S&P 500 confirmed its bull market status with a record high close, fueled by chipmaker gains and investor optimism about AI, as well as expectations of Federal Reserve interest rate cuts in 2024. The index's recovery from a nearly 25% sell-off in 2022 aligns with historical patterns, while the Dow Jones Industrial Average also hit a record high, and the Nasdaq composite is on track to return to its own record high close.
Originally Published 2 years ago — by Yahoo Finance
US stocks opened higher, with the Dow Jones Industrial Average and the S&P 500 inching up, while the tech-heavy Nasdaq Composite led the early morning session. Investors remain optimistic about the prospect of interest rate cuts, despite warnings that these hopes may be overdone. The Federal Reserve officials have cautioned that it is premature to assume the central bank is done with rate hikes and signaled that its policy will be data-driven. Meanwhile, the Bank of Japan has decided to keep interest rates below zero. Investors are also monitoring oil prices as more companies avoid transits through the Red Sea after attacks on shipping in the important trade route.
Originally Published 2 years ago — by MarketWatch
A total of 51 stocks in the S&P 500 reached record highs on Tuesday, the highest number since April 2022. This surge in stock prices is part of a year-end rally driven by falling benchmark yields and expectations of future interest rate cuts. The Dow Jones Industrial Average also ended at its third-highest level on record, while the S&P 500 and Nasdaq Composite Index continued to set new closing highs for 2023. The push higher for stocks followed easing inflation data for November, although inflation still remains above the Federal Reserve's target. Investors are now awaiting the Federal Reserve's decision on interest rates, with expectations that short-term rates will remain unchanged.