S&P 500 hits new record high on strong economic data and tech stock gains

From Google: 2024-09-26 13:08:00

The S&P 500 reached a new record high due to strong economic data and gains in tech stocks. The index rose 0.7% to 4,319.94. Investors are optimistic about the economic recovery as jobless claims fell to a pandemic low and retail sales grew more than expected. Technology shares, including Apple and Microsoft, contributed to the market’s gains. The Dow Jones Industrial Average increased by 300 points, and the Nasdaq Composite climbed 0.4%. Oil prices also rose, with Brent crude reaching $75 per barrel for the first time since 2018. Overall, the market showed positive momentum.



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