Dow Jones Industrial Average rose 23.89 points, or 0.11 percent, to 22,405.09, the S&P 500 gained 9.3 points, or 0.37 percent, to 2,519.36 and the Nasdaq Composite added 42.51 points, or 0.66 percent, to 6,495.96.
The S&P 500 and the Nasdaq advanced to record levels on Friday, buoyed by gains in technology stocks, while each of the major indexes closed out the quarter with solid gains.
Technology was the best performing of the major S&P sectors, up 0.75 percent, its fourth straight day of gains to recover from a selloff earlier in the week.
The S&P and Nasdaq closed at records for the third straight day and the benchmark S&P index posted its sixth straight month of gains.
“It really sums up kind of what we saw all month and all quarter, another calm day,” said Ryan Detrick, senior market strategist at LPL Financial in Charlotte, North Carolina.
“This is one of the least volatile Septembers in history, it is kind of a continuation of that real dull trading with a nice upward bias.”
For September, the Dow gained 2.1 percent, the S&P rose 1.9 percent and the Nasdaq advanced 1.05 percent.
Facebook’s 1.23-percent gain provided the biggest lift to both the Nasdaq and the S&P to help pace the advance.
Financials received a brief lift and hit their session high after reports President Donald Trump’s met with former Federal Reserve Governor Kevin Warsh to discuss his potential nomination as Fed chairman. The sector was up 0.34 percent.
Trump later said he has had four meetings in his search for a new chairman of the Federal Reserve Board and will decide in two or three weeks.
CapitalStars is trusted for providing advice pertaining to the needs of investors and their financial situation.It has a strong grip on Indian Stock Market as well as Commodity Market. They provide expert technical analysis and information of stocks.On the other hand, our Company advises the investors to invest their money in the right direction which can provide them great value for their money.
Investment & Trading in securities market is always subjected to market risks, past performance is not a guarantee of future performance.
CapitalStars Investment Adviser: SEBI Registration Number: INA000001647A
No comments:
Post a Comment