Dow Jones and S&P 500 close at new records

Economies.com
2021-10-25 20:34PM UTC

US stock indices rose on Monday, and hit new records, amid anticipation of more quarterly business reports.

 

Wall Street rebounded today the technology and energy sectors, especially after Tesla stock jumped, amid anticipation of major earning reports in the coming days, led by Apple, Microsoft, and Facebook.

 

Concerns over the pandemic are escalating due to the rising number of coronavirus infections in several countries such as Russia and the UK.

 

To the oil market, WTI crude November futures held at $83.76 a barrel, after hitting the highest level since October 2014 above $85.

 

Brent December futures rose 0.5% or 46 cents, and closed at the highest level since October 2018 of $85.99 a barrel.

 

As for stocks, Dow Jones rose 0.2% or 64 points, and closed at 35,741, with a day high of 35,787, and a low of 35,629.

 

S&P 500 rose 0.5% or 21 points to 4,566, after hitting a high of 4,572 and a low of 4,537 points.

 

Nasdaq rose 0.9% or 136 points to 15,226, with a high of 15,259 and a low of 15,070.

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