Dow Jones Kicks Off Third Quarter With Record High, Wall Street Reaching All-Time Highs
By Matthew Rocco, Fox Business // July 3, 2017
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(FOX BUSINESS) – Wall Street kicked off the third quarter on Monday by rallying to new all-time highs, lifted by energy and bank stocks.
The Dow Jones Industrial Average surged 129 points, or 0.61%, to 21,479, after touching a new intraday record of 21,548 in late morning trading. The S&P 500 increased 5.6 points, or 0.23%, to 2,429. The Nasdaq Composite closed 30 points lower, or 0.5%, at 6,110.
U.S. stocks had a blockbuster start to 2017 with fresh records for all three major indices. Technology names like Apple (AAPL) helped carry the market, as the S&P information technology sector climbed more than 16% over the first half.
In the second half of 2017, the broader market may be in for a calmer finish to the year if tech stocks continue to retreat from their elevated valuations. On Monday, the tech sector joined utilities and consumer stocks in the red.
Dow hit a new intraday all-time high! I wonder whether or not the Fake News Media will so report?
— Donald J. Trump (@realDonaldTrump) July 3, 2017
Really great numbers on jobs & the economy! Things are starting to kick in now, and we have just begun! Don’t like steel & aluminum dumping!
— Donald J. Trump (@realDonaldTrump) July 3, 2017
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