Dow Jones Kicks Off Third Quarter With Record High, Wall Street Reaching All-Time Highs

By  //  July 3, 2017

ABOVE VIDEO: Media ignoring the improving economy?

(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.

CLICK HERE TO READ FULL ARTICLE

SPACE COAST DAILY TV: Brevard’s New Adventure HQ Is Action-Packed 32,000-Foot FacilityRelated Story:
SPACE COAST DAILY TV: Brevard’s New Adventure HQ Is Action-Packed 32,000-Foot Facility