• News Desk

DOW, S&P 500 CLOSE AT RECORD HIGHS


U.S. stocks extended their record-setting rally and closed at new all-time highs Monday as investors were buoyed by an earnings beat from Bank of America and shrugged off a failed coup attempt in Turkey over the weekend. Last week, the Dow Jones industrial average and Standard & Poor's 500 stock index notched fresh records for the first time in more than a year after trading in an up-and-down sideways pattern. The rally has been driven by signs of an improving U.S. economy, a decent start to the second quarter-earnings season for U.S. banks and a diminution of fears related to Britain's vote last month to exit the European Union. Also boosting sentiment is the hope that central banks around the world will continue to support markets in the wake of the 'Brexit' vote. In a sign of the market's new resiliency and breakout from its 14-month trading range, it kicked off the week in the black, despite political instability in Turkey, last week's terror attack in the south of France, and the latest deadly killing of three U.S. police officers, this time in Baton Rouge over the weekend. The Turkish lira also was rebounding vs. the dollar after dropping over the weekend on the attempted coup.

Read more on the story here

#DowJones #SP500 #Brexit

amazon smile for pragnya.png
Our Non- Profit Partners
pragnya_logo.png
LOCAL EVENTS
BAY AREA NEWS

Powered by Studio M | 1917 Concourse Dr. San Jose CA 95131