Wall Street closes higher

NEW YORK, U.S. stocks surged on Wednesday, pushing the S&P 500 to its fourth straight record closing high, as investors stayed focused on large-cap momentum stocks that have outperformed since the onset of the coronavirus pandemic, Reuters reported.
The Nasdaq also set an all-time closing high, its 39th year-to-date, compared with a total of 31 reached in all of 2019.
The Dow, which remains 4.1% below its pre-COVID record, and 0.7% off showing a year-to-date gain, posted a more modest advance.
The MSCI world equity index surged past its February high to reach a record peak.
The Dow Jones Industrial Average rose 83.48 points, or 0.3%, to 28,331.92, the S&P 500 gained 35.11 points, or 1.02%, to 3,478.73 and the Nasdaq Composite added 198.59 points, or 1.73%, to 11,665.06.

 

Source: Saudi Press Agency

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