Today was a huge day for the major indices, with the Dow reaching an all-time high and the Nasdaq avoiding its fifth-straight day of losses. Crypto continued to surge and Gary Gensler took on some hard-hitting questions from Congress. So, what did the stock market do today?
- The S&P 500 closed higher by 0.82%
- The Dow Jones Industrial Average closed higher by 0.93%
- The Nasdaq Composite closed higher by 0.37%
What else did the stock market do today? Here are the top stories.
What Did the Stock Market Do Today? It Was Wowed by the Dow.
The Dow had the most exceptional day of all the major economic indices today. The Industrial Average surged 318 points by close, ending the day on a high of $34,548.53.
The record high suggests we are at a time where post-pandemic enthusiasm is beginning to surge. Bulls are looking to cyclical stocks as evidence and they are finding it in gobs. General Mills (NYSE:GIS), Kroger (NYSE:KR), Boeing (NYSE:BA) and JPMorgan Chase (NYSE:JPM) are all up today as consumer enthusiasm appears to be heating up to pre-pandemic levels.