Stock market bounces back with Dow rising 654 points, fueled by economic optimism and GDP growth.

From Washington Post: 2024-07-26 23:52:00

Wall Street bounced back after a tough week, with the Dow Jones rising 654 points to 40,589, the S&P 500 up 1.1% to 5,459, and the Nasdaq gaining 1% to 17,357. Analysts credit the bounce to economic optimism, favorable inflation data, and strong GDP growth. Manufacturer 3M saw a 21% increase in stock value, while Charter Communications gained 15%. The market rally is broadening, moving away from tech giants to include a wider range of industries. The Russell 3000 Index, measuring small-caps, is up 14% this year, outperforming the Dow.



Read more at Washington Post: Dow surges 650 points as stock market snaps back