Instant News and Commentaries
DJIA Ends Up 483 Pts; S&P 500, Nasdaq Jump to Closing Records w/ 1%+ Gains
The US inflation rate for July remained steady at a lower-than-expected 2.7%, lifting market anticipation for a rate cut in September.

The US stock market charged even higher on Tuesday. The DJIA soared by as much as 522 points, ultimately closing up 483 points or 1.1% at 44,458. The S&P 500 ended the day 72 points or 1.1% higher at 6,445, setting new closing records with Nasdaq, which finished at 21,681, up 296 points or 1.4%.

Intel (INTC.US) rose by 5.5% following its CEO's meeting with US President Donald Trump, who later described it as very interesting.

Mega tech stocks boomed across the board. Meta (META.US) swelled by 3.2%. Apple (AAPL.US) advanced by 1.1%. Tesla (TSLA.US) and Nvidia (NVDA.US) edged up by 0.5%.
~



AAStocks Financial News
Web Site: www.aastocks.com

 

Information Provided by [Disclaimer]