Wall Street closed up with the S&P touching all-time highs
InvestingOnline.com
21/08/2018, 22:47US stocks market closed Tuesday with gains as investors are confident in the strength of the United States economy and the rally in stocks will continue despite recent Trump’s polemics.
The S&P 500 hit an all-time high on Tuesday and tied the record for the most extensive bull market in history. No matter what experts have said in the past, they don’t believe in the bull market, and they don’t believe in it yet, but it is still here.
The Dow Jones Industrial Average advanced 0.25% or 63.60 points to finish the day at 25,822.29. The DJIA is 2.06% positive in the last 5 days.
The S&P 500 closed its fourth posits day in a row as the pair added 0.2% or 5.91 points to wrap the day up at 2,862.96. The S&P pulled back in the afternoon, and it closed the day 0.4% below its January 26 record close at 2,872.87. The index is 0.81% positive in the last 5 trading sessions.
SP 500 daily chart
The NASDAQ Composite finished 0.49% or 38.17 points up on the day at 7,859.17. The index crossed its 10-day moving average on Tuesday, signaling short-term pressure to the upside. IN the last five trading sessions, the composite is 0.15% negative.
Most sectors finished positive on Tuesday with the consumer discretionary industry fairing as the leader with 0.87% gains on the day. Information technology closed 0.73% positive on the day, while the industrials sector logged a 0.60% gain on the day.
Losers were the Utilities component with a 0.24% decline, followed by real estate with a 0.09% drop, and the consumer staples which closed 0.07% down on the day.
