Another Record High for S&P 500, Dow Jones on Foreign Buying
The bullish momentum in the stock market continues, with another strong performance from major indices. The S&P 500 surged by 2% at one point, adding 114 points to reach 5,732, while the Nasdaq climbed 3% during the session before closing the day 2.5% higher, driven by a strong rally in tech stocks.
This uptick comes after the FOMC rate decision, which encouraged foreign investors to reinvest in US equities, boosting confidence in the market. For the second day in a row, both the S&P 500 and the Dow Jones Industrial Average finished at new record highs, with the S&P having its best day since early August. The steady rise signals renewed optimism, particularly in tech sectors, as investors seem to embrace the Fed’s approach to monetary policy amid broader economic resilience.
S&P Chart Daily –
Major US Indices Closing Prices
- Dow Industrial Average: +522 points (+1.26%) to close at 42,025.19
- S&P Index: +95.38 points (+1.70%) to close at 5,713.64
- NASDAQ Index: +140.68 points (+2.51%) to close at 18,013.98
- Russell 2000 (small-caps): +46.36 points (+2.10%) to close at 2,252.70
Top Performers:
- Tesla: +7.36%
- Paypal: +6.09%
- AMD: +5.70%
- Taiwan Semiconductor: +5.27%
S&P 500 Index Live Chart
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