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The S&P 500 closed higher on Thursday to end a three-day losing streak. The index was fueled by a surge in Tesla's stock, which closed 22% higher after a strong earnings beat.
Monday's close marked the S&P 500's 46th record close of the year, as investors continue to power the two-year-old bull market higher. The Dow closed above 43,000 for the first time.
The S&P 500 has surged 28% in 2024 to continue its two-year bull run. Bullish stock positioning is at records as the bears throw in the towel and optimism fuels a record-setting rally in US stocks.
The Standard and Poor's 500, or simply the S&P 500, [5] is a stock market index tracking the stock performance of 500 of the largest companies listed on stock exchanges in the United States. It is one of the most commonly followed equity indices and includes approximately 80% of the total market capitalization of U.S. public companies, with an ...
The S&P 500 hit a four-day winning streak, rising by just under 1%, while the Dow Jones Industrial Average rose over 230 points. The Nasdaq Composite gained 1%.
While the S&P 500 was first introduced in 1923, it wasn't until 1957 when the stock market index was formally recognized, thus some of the following records may not be known by sources. [ 1 ] Largest daily percentage gains [ 2 ]
The Dow rallied 683 points, while the S&P 500 and Nasdaq rose 2.3% and 32.8%, respectively. The S&P 500 enjoyed its best day since 2022, clawing back losses from Monday's big sell-off.
The S&P 500 is a stock market index maintained by S&P Dow Jones Indices. It comprises 503 common stocks which are issued by 500 large-cap companies traded on the American stock exchanges (including the 30 companies that compose the Dow Jones Industrial Average ).