The three major stock market indexes closed at new record highs Monday
Category: News & PoliticsVia: krishna • 3 weeks ago • 17 comments
By: Jonathan Ponciano
Big technology stocks like Amazon and Apple led major indexes to new records Wednesday, signaling to experts that investors are plowing into risky assets in search of market returns as stock valuations return to unprecedented highs.
Traders and financial professionals work on the floor of the New York Stock Exchange. GETTY IMAGES
- Adding to a Friday high, the Dow, which is composed of 30 legacy corporations like Disney and Goldman Sachs, jumped 126 points, or 0.4%, to 34,996 on Monday, pushing gains to nearly 16% this year alone.
- Also nabbing new records, the S&P 500 jumped 0.4% to 4,385 points, and the tech-heavy Nasdaq ticked up 0.2%; they're now up 18.5% and 16% this year, respectively.
- Ahead of their earnings reports this week, big banks Morgan Stanley, Goldman Sachs and JPMorgan were among stocks heading up the S&P's gains, climbing 3%, 2.5% and 2%