Nasdaq Composite Extended Gains in Early Trade to 0.42%, Hitting a Fresh Record High at 27,236.49 Points
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Yesterday
Nasdaq Composite extended gains in early trade to 0.42%, hitting a fresh record high at 27,236.49 points.
Tuesday’s moves follow a strong session on Wall Street. The S&P 500 climbed 1.5% for its best day since Aug. 4, while the Nasdaq Composite jumped 2.3% for its first closing record since June. The Dow Industrials rose 366 points, or 0.7%.
A decline in oil prices fueled the stock market’s gains, while Treasury yields pulled back as well. Even prior to the Federal Reserve’s move to hike its key interest rate by a quarter point last week, Treasury yields have been trending higher as the economy contends with rising debt, elevated oil prices and stubborn inflation.
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