How major US stock indexes fared Wednesday, 7/10/2024

4 days ago 15

U.S. stocks rose again, continuing Wall Street’s record-setting run.

The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points. The Dow Jones Industrial Average gained 1.1%, and the Nasdaq composite added 1.2% to its own record.

Big technology companies led the way again after a major chip supplier reported how much its revenue jumped in June. A frenzy around artificial-intelligence technology has been a major reason the U.S. stock market has climbed to records this year, as have hopes for coming cuts to interest rates.

On Wednesday:

The S&P 500 rose 56.93 points, or 1%, to 5,633.91.

The Dow Jones Industrial Average rose 429.39 points, or 1.1%, to 39,721.36.

The Nasdaq composite rose 218.16 points, or 1.2%, to 18,647.45.

The Russell 2000 index of smaller companies rose 22.28 points, or 1.1%, to 2,051.75.

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