Thu. Jul 7th, 2022

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Wall Street jumps to new records

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Wall Street

Overnight on Wall Street, the Nasdaq Composite popped 2.6% to close at 13,067.48 while the Dow Jones Industrial Average advanced 211.73 points to end its trading day at 31,041.13. The S&P 500 gained 1.5% to close at 3,803.79.

Thursday’s gains market the Nasdaq’s first-ever close above 13,000 and was also the first time the Dow and S&P 500 finished a session above 31,000 and 3,800, respectively.

The U.S. Congress confirmed the election of Joe Biden as president early Thursday, a day after supporters of Donald Trump invaded the U.S. Capitol.

The U.S. dollar index, which tracks the greenback against a basket of its peers, was at 89.858 after seeing an earlier high of 90.027.

The Japanese yen traded at 103.81 per dollar after weakening from levels below 103.2 against the greenback yesterday. The Australian dollar changed hands at $0.7764, having seen levels above $0.78 earlier this week.

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