Dow, S&P 500 and Nasdaq score back-to-back gains; financial stocks close at record
- Investing
Ramit Sethi- 0
- 1 minute read
A second day of robust bank earnings helped fuel a broader rally in stocks, offsetting another day of sharp declines in highflying chip, memory and other hardware stocks. Many of the “Magnificent Seven” stocks fueling the artificial-intelligence buildout gained.
The Dow Jones Industrial Average closed up by about 150 points, or 0.3%, near 52,658, based on preliminary data.
The S&P 500 rose 0.4%.
The Nasdaq composite finished 0.6% higher.
The S&P 500’s financial sector closed at a new record.
