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Tuesday, August 16, 2022

Wall St hits record closing highs; banks rise

Wall St hits record closing highs; banks riseNEW YORK: The S&P 500 and the Dow registered record closing highs on Tuesday with a boost from bank stocks as investors eyed a potential cut in US corporate taxes and continued economic growth after strong inflation data.

Based on the latest available data, the Dow Jones Industrial Average rose 119.39 points, or 0.49 percent, to 24,505.42, the S&P 500 gained 4.18 points, or 0.16 percent, to 2,664.17 and the Nasdaq Composite dropped 12.76 points, or 0.19 percent, to 6,862.32.

Copyright Reuters, 2017

Source: Brecorder.com

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