Fri. Sep 25th, 2020

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Dow gains 450 points since mid-July

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US equities finished noticeably higher, with the Dow jumping more than 450 points in its best day since mid-July.

On Wednesday, the Dow JonesIndustrial Average increased 454.84 points, or 1.59 per cent, to 29,100.50, marking its best single-day rise since July 14. It was also the first close above 29,000 since February for the blue-chip index, Xinhua news agency reported.

The S&P 500 rose 54.19 points, or 1.54 per cent, to 3,580.84. The Nasdaq Composite Index increased 116.78 points, or 0.98 per cent, to 12,056.44.

The S&P 500 and the Nasdaq both wrapped up the session at records, with the tech-heavy Nasdaq topping the 12,000 threshold for the first time.

Ten of the 11 primary S&P 500 sectors closed higher, with utilities and materials up 3.12 per cent and 2.28 per cent, respectively, outpacing the rest. Energy dipped 0.42 per cent, the lone declining group.

The moves came despite data showing US companies added fewer jobs than expected last month.

 

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