The S&P index is closing at another record high. The index is up 23.11 points or 0.40% at 5745.37. The new intraday all-time high comes in at 5767.37.
The Dow industrial average also rose 5 260.36 points or 0.62% at 42175.11, and the NASDAQ index gained 108.09 points or 0.60% at 18190.29.
The small-cap Russell 2000 rose 12.41 points or 0.57% at 2209.87.
US stock moves higher were influenced by sharp gains in China stocks overnight, after fiscal policy promises from the Politburo. Earlier this week the PBOC lowered rates, starting the monetary policy stimulus.
Shares of Dell surged by $6.32 or 5.26% at $126.49. The Dell gains came after the Department of Justice announced they were investigating Super Micro Computer. SMCI shares plunged $55.75 or -12.17% to $102.40. The low price today reached a low as level since January 19. Dell is thought of as an alternative to SMCI.
This article was written by Greg Michalowski at www.forexlive.com.
Recent Posts
Categories
Related Articles
US stocks give up early gains. NASDAQ index now down on the day
The NASDAQ index opened higher on the day reaching a peak of...
USDCHF fell below a floor area and failed. Sellers had their shot. They missed.
USDCHF moved lower in the early Asian session, breaking below a swing...
Tech sector rallies as Oracle surges, financials show resilience
Sector Overview: Highlighting Technology's StrengthThe U.S. stock market today is witnessing an...
US stocks are set to open higher. Starbucks is to cut 1100 corporate jobs worldwide
Major US indices are set to open higher. Futures are implying:Dow industrial...
Leave a comment