It's a Record Close for the Dow

It rose 210 points to 40,211
By Newser Editors and Wire Services
Posted Jul 15, 2024 3:23 PM CDT
It's Another Big Finish for the Dow
People pass the New York Stock Exchange July 10, 2024, in New York. World shares began trading mixed on Monday, July 15, 2024, after China reported that its economy expanded at a lower-than-forecast 4.7% annual pace in the last quarter.   (AP Photo/Peter Morgan, File)

US stocks ticked to the edge of records as Wall Street's momentum keeps pushing it upward. The S&P 500 climbed 0.3% Monday but finished just shy of its all-time high set last week, reports the AP. The Dow rose 0.5% to its own record, rising 210 points to 40,211. The Nasdaq composite added 0.4% to end a bit short of its high. CNBC's take: "Investors bet the unsuccessful assassination attempt on former President Donald Trump will lead to big gains for the Republican presidential candidate and the GOP at the polls in November."

Some of the market's best-performing areas were ones that do best when former President Trump's chances for reelection look better. Trump Media & Technology Group, the company behind Trump's Truth Social platform, soared by nearly a third. Bitcoin and longer-term Treasury yields also rose.

(More Wall Street stories.)

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