[New York Stock Exchange] S&P 500 and Nasdaq Reach New Record Highs on Earnings Expectations
All three major U.S. stock market indexes closed higher on October 6 (local time). The S&P 500 Index and the Nasdaq Index both reached record highs. Investor sentiment improved as U.S. Treasury yields, which had surged to their highest level in 24 years, retreated, and the strength in artificial intelligence (AI)-related stocks drove the rally.
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On the New York Stock Exchange, the Dow Jones Industrial Average (Dow Jones Index) rose 253.38 points (0.49%) from the previous session to close at 51,521.28. The large-cap-focused S&P 500 Index gained 44.98 points (0.58%) to end at 7,818.93, while the tech-heavy Nasdaq Composite Index jumped 122.48 points (+0.45%) to finish at 27,599.79.
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