S&P 500, Dow set fresh records as recovery marches forward
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S&P 500, Dow set fresh records as recovery marches forward
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S&P 500, Dow set fresh records as recovery marches forward
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U.S. stocks continue advance, Dow Jones closes above 35,000
04 Aug 2021, 06:11 GMT+10
NEW YORK, New York - Wall Street bounded ahead on Tuesday with solid gains being recorded by all the major indices. We ve been dealing with a tug of war between what has been a very strong economic recovery consistent with the reopening and that s playing out through corporate earnings, Bill Northey, senior investment director at U.S. Bank Wealth Management in Minneapolis told Reuters Thomson Tuesday.
Investors enthusiasm refused to be dimmed by surging COVID-19 Delta variant cases, nor by geopolitical concerns in the Gulf where a ship or ships are potentially being hijacked off the coast of Fujairah in the UAE - by Iranian-backed militia, or a party or parties seeking to create an incident for which the Iranians could be blamed. Tehran has denied any responsibility and has rejected earlier reports that one of its drones attacked an Israeli tanker off the coast of Oman.