Wall St extends rally, pushing S&P 500 to 50th all-time higher near this calendar year
NEW YORK, Aug 24 (Reuters) – Wall Avenue finished larger in a late-summertime, light-weight volume rally on Tuesday as the FDA’s complete approval of a COVID-19 vaccine on Monday and the absence of destructive catalysts saved danger appetite alive ahead of the considerably-predicted Jackson Gap Symposium.
All three major U.S. inventory indexes state-of-the-art better, with the S&P 500 and the Nasdaq closing at all-time closing highs.
The session marked the S&P 500’s 50th report significant shut so significantly this year.
Tech and tech-adjacent megacaps have been the moment once again performing the significant lifting, but economically sensitive cyclicals