Stock market today: Wall Street climbs closer to its record high
U.S. stocks rose closer to their all-time highs following a couple reports on the economy that came in close to expectations
By STAN CHOE
Published - Sep 12, 2024, 05:26 PM ET
Last Updated - Dec 16, 2024, 07:17 PM EST
NEW YORK (AP) — U.S. stocks pulled closer to their records on Thursday following a couple reports on the economy that came in close to expectations.
The S&P 500 rose 0.7% and climbed back within 1.3% of its record set in July following a shaky summer. It remains on track for a fourth winning week in the last five.
The Dow Jones Industrial Average added 235 points, or 0.6%, and the Nasdaq composite gained 1%.
Nvidia was the strongest force lifting the S&P 500 and rose another 1.9% to bring its gain for the week to nearly 16%. The chip company’s stock has stabilized recently after falling more than 20% during the summer on worries investors had taken it too high in their frenzy around artificial-intelligence technology.
