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Wall St extends rally, pushing S&P 500 to 50th all-time higher shut this yr

A particular person waits on the Wall Road subway system in the Fiscal District of Manhattan, New York Metropolis, U.S., August 20, 2021. REUTERS/Andrew Kelly

  • Power, journey shares increase on enhancing need hopes
  • Finest Purchase gains following elevating complete-year revenue forecast
  • Indexes up: Dow .09%, S&P .15%, Nasdaq .52%

NEW YORK, Aug 24 (Reuters) – Wall Avenue ended larger in a late-summer season, gentle quantity rally on Tuesday as the FDA’s comprehensive acceptance of a COVID-19 vaccine on Monday and the absence of detrimental catalysts held hazard appetite alive forward of the significantly-expected Jackson Hole Symposium.

All 3 important U.S. stock indexes advanced increased, with the S&P 500 and the Nasdaq closing at all-time closing highs.

The session marked the S&P 500’s 50th record significant near so much this calendar year.

Tech and tech-adjacent megacaps have been as soon as once again accomplishing the hefty lifting, but economically delicate cyclicals

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Nicky Chicca by — August 26, 2021 in Er Tech