The S&P 500 just reached a new all-time high 🏆 The index has gained over $12 trillion in market cap since the April low, jumping 29.12% 📈 Since the April low: 🟢 Nasdaq +41.62% 🟢 S&P 500 +29.12% 🟢 Dow Jones +18.07% https://t.co/SMGNSQ8X9H
U.S. stocks extended gains today, with the Dow and S&P 500 both rising over 1%, and the Nasdaq advancing 1.2%.
📈 U.S. stocks extend gains — Dow & S&P 500 +1%+, Nasdaq +1.2%
U.S. equities pushed to fresh records on Tuesday, with the S&P 500 advancing as much as 0.9% to about 6,423 and eclipsing its previous high set two weeks earlier. The benchmark is now almost one-third higher than its April trough and has recovered more than $12 trillion in market capitalization over that span. The Nasdaq Composite added roughly 1.2% to an intraday peak near 21,553, while the Dow Jones Industrial Average traded above 44,000 for the first time in nearly four months. Broader participation underpinned the rally; financials and industrials joined the usual technology leaders, signalling improving market breadth. Airline stocks were among the stand-outs after Delta Air Lines reported adjusted earnings of $2.10 a share on $15.5 billion in revenue, both marginally ahead of analysts’ estimates, sending its shares up about 9%. American, United and Southwest also gained strongly. Earlier in the day, Euro Stoxx futures firmed 0.3% and major European bourses posted modest gains, setting a constructive tone for U.S. trading. Investors remain focused on this week’s inflation readings and the prospect of Federal Reserve rate cuts later in the year.