Stock market today: Wall Street drifts higher to set more records
U.S. stock indexes reached new heights after drifting higher in a quiet day of trading
NEW YORK (AP) — U.S. stock indexes reached new heights Monday after drifting higher in a quiet day of trading.
The S&P 500 rose 16.02 points, or 0.3%, to 5,718.57 and edged past its record set on Thursday. The Dow Jones Industrial Average added 61.29 points, or 0.1%, to its own all-time high set on Friday and closed at 42,124.65. The Nasdaq composite gained 25.95, or 0.1%, to 17,974.27.
Tesla led the way with a gain of 4.9% and clawed back all its sharp losses from earlier in the year. It was down as much as 42% at one point in April, when it was cutting prices on its cars to boost flaccid sales.
That helped offset a 10.3% tumble for Trump Media & Technology Group, which fell to its lowest price since taking its place on the Nasdaq stock market in March. The company behind former President Donald Trump’s Truth Social network has dropped six straight days amid speculation about when Trump and other company insiders may sell their shares now that they’re no longer bound by a “lock-up” agreement. Trump has said he doesn’t plan to sell.
