Dow Rallies Above 29000; S&P 500, Nasdaq Hit Fresh Records

U.S. stocks extended their rally Wednesday, giving the S&P 500 its 22nd record close of 2020 and pushing the Dow industrials above 29000 for the first time since February.

The S&P gained 1.5% to 3580, and the Dow Jones Industrial Average rose 1.6%, or 453 points, to 29099. The tech-heavy Nasdaq Composite picked up 1% and notched its 43rd record of the year. New data Wednesday suggested a recovery is underway in the labor market, though a slow one. The American private sector added 428,000 jobs in August, according to payroll processor Automatic Data Processing Inc. The figure came in well below the expected 1.17 million jobs.

If the S&P 500 holds the day’s gains, it will have closed higher in nine of the past 10 trading days. “It just feels like the market’s grinding higher every single day, regardless of the news,” said Charles Day, managing director and private wealth advisor at UBS.

Cool can you do something for us regular folk. Rich people are doing fine. Thanks.

GO VOTE! generalstrike The Dow Jones is not the economy! The Dow Jones is not the economy! The Dow Jones is not the economy! The Dow Jones is not the economy! The Dow Jones is not the economy! The Dow Jones is not the economy! The Dow Jones is not the economy!

Two different countries- land of portfolio v land of bankruptcy.

I give this bubble a month at most to burst. Write that in stone.

I have to laugh when Double Deficit Donald Trump takes credit for THE DOW it is like saying 'Hey that penicillin is making my syphilis so much better'. Maybe when the Down CRASHED a few months ago he would have been more vocal too? WRONG StockMarket

I have to laugh when Double Deficit Donald Trump takes credit for THE DOW it is like saying 'Hey that penicillin is making my syphilis so much better'. Maybe when the Down CRASHED a few months ago he would have been more vocal too? WRONG StockMarket

The Dow CRASHED UNDER TRUMP....but hey dementia donald will take credit for every rise.....not fall

The love of money is the root of all evil…and Trumpism Untrustworthy

I am making a shit load of money off the stock market. Thanks to President Trump! Heaven help us if Biden get elected.

Revelation 5;5 Then one of the elders ,( from Moses to John) said to me, “Do not weep! See, the Lion of the tribe of Judah, the Root of David, has triumphed. He is able to open the scroll and its seven seals.”

Amazing paradox when you see economic perspective unless a big balloon ?

So glad those suffering billionaires are doing well. The rest of us are just trying to hang on. But whew the agony of the billionaires is over. That’s so important...

me trading tesla today:

Never mind that HUGE dip in US and global GDP. The FED is spending money propping up the stock market at the expense of everybody else.

What does this actually mean for anyone who isn't already one of the wealthiest people in the world?

Wonderful news, as the country is falling apart

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Dow surges 455 points, S&P 500 sets record as traders look ahead to further stimulusSummary List Placement The S&P 500 and Nasdaq composite extended records on Wednesday after closing at all-time highs on Tuesday. The rally ... TrumpInflatedStockMarket Lets go SP500 'happy trader guy' shows his face again.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Dow Jumps Over 150 Points As Stocks Continue Record RunThe Dow jumped over 150 points today as stocks continued their strong start to September by skleb1234 skleb1234 Trump gains in polls, investors open the wallet.... skleb1234 The poor stay poor the rich get rich, InTrumpsAmerica skleb1234 Tomorrow realDonaldTrump will claim this as done by his little and invisible hands
Source: Forbes - 🏆 394. / 53 Read more »

ETF Edge roundup: Analysts talk Dow shakeup impact, Ant Group IPO and the rise of SPACsFrom the Dow's biggest makeover in years to an upcoming SPAC ETF, industry analysts break down what investors should be watching in a rapidly changing space.
Source: CNBC - 🏆 12. / 72 Read more »

Dow Jumps Over 150 Points As Stocks Continue Record RunStocks continued their strong start to what is historically a bad month for markets. The Dow which has been down for more than a month? That one?
Source: Forbes - 🏆 394. / 53 Read more »

Stock market live updates: Dow clinches best August since 1984, tech leads, Tesla surgesLeon Cooperman on the Fed’s coronavirus response and a “dramatic expansion of market valuations”: “Frankly, the president should kiss the chairman on all four cheeks in my opinion.” Maybe he will, but first his Sponsor, Putin (who may now give permission for DT to kiss someone else's cheeks, after their very successful Bounty Agreement (where our dog in that hunt got much more than bones!)! Funny how CNBS still think the term sell in may go away is a thing it hasn't been a thing in 5 years now. This is why CNBS is so bad at their job they are stupid ppl on these shows. LOVE this guy - a voice of reason in a sea of irrational exuberance! DUMB MONEY pays when the party is over. Anyone buying into this market at these valuations is PAYING FOR THE PARTY.
Source: CNBC - 🏆 12. / 72 Read more »

Dow, S&P 500 cap off best August in 36 years as tech rally offsets broad weakness - Business InsiderBusiness Insider is a fast-growing business site with deep financial, media, tech, and other industry verticals. Launched in 2007, the site is now the largest business news site on the web. The FED just paid my retirement 3-4x over. Thanks FED! Free helicopter money to wealthy people. Keep in mind that only big corporate tech companies are winning and not the American people. With that kind of money they should invest more in people's personal security.
Source: BusinessInsider - 🏆 729. / 51 Read more »