MTS Help Center

Dow jumps to a new all-time high, S&P 500 notches 6-day win streak

The Dow Jones Industrial Average jumped to a record on Wednesday as investor sentiment was boosted by better-than-expected earnings reports and a new record for bitcoin.

The Dow gained 152.03 points, or 0.4%, to about 35,609.34, touching an all-time high of 35,669.69 earlier in the session. While it surpassed its high from August on an intraday basis, the 30-stock average was 0.1% from its record close.

The S&P 500 added 16.56 points, or 0.3%, to 4,536.19 and was less than 0.2% from its own record.

The Nasdaq Composite retreated 0.05% to 15,121.68.

The market climbed a wall of worries over the last two months. Fears over the delta Covid surge, supply chain hiccups, a China property crisis, the Federal Reserve signaling the removal of stimulus and surging inflation reports rattled investors.

 

 

European markets close higher amid mixed global market sentiment; Tui shares fall 6%

European stocks closed slightly higher on Wednesday amid more mixed sentiment globally overnight, as investors digested a slew of corporate earnings.

The pan-European Stoxx 600 provisionally ended 0.35% higher, with most sectors and major bourses in positive territory. Food and beverage stocks gained 1.9% to lead gains, while travel and leisure stocks slipped more than 1%.

It comes after a series of upbeat trading sessions in recent days as investors digested the latest earnings from the U.S.