S&P 500 and Nasdaq close at record highs to start September, Dow jumps more than 200 points
Stocks rose on Tuesday, led by tech shares, as traders kicked off a historically tough month for the market on the right foot and built on Wall Street’s best August performance since the 1980s.
The Dow Jones Industrial Average gained 215.61 points, or 0.8%, to close at 28,645.66. The S&P 500 climbed 0.8% to 3,526.65 and the Nasdaq Composite advanced 1.4% to 11,939.67. Both the S&P 500 and Nasdaq hit all-time highs.
Apple led the gains in tech, rising 4%. The stock got a boost as several Wall Street analysts hiked their price targets on the tech giant. That gain came a day after the stock rose more than 3% following a stock split that appears to be causing investors to snap up the shares.
Walmart shares climbed more than 6% after the retailer announced it would launch its own membership program, Walmart+, later this month.
Shares of Zoom Video jumped 40.8% after reporting another blowout quarter. The video conferencing company’s revenue more than quadrupled in the fiscal second quarter compared to a year ago.
Reference: CNBC
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