Wall Street is closing out its latest winning month with another lift.
The S&P 500 rose 0.1% Monday to cap its fifth straight month of gains. It’s at a 16-month high after rallying on hopes cooling inflation will mean the economy can avoid a long-predicted recession. The Dow Jones Industrial Average and the Nasdaq composite also finished higher.
Get investing news alerts:
Sign Up
Critics have said the rally has come too quickly. Several reports this week could back them up, including updates on the job market and profits at the market’s most influential companies.
On Monday:
The S&P 500 rose 6.73 points, or 0.1%, to 4,588.96.
The Dow Jones Industrial Average rose 100.24 points, or 0.3%, to 35,559.53.
The Nasdaq composite rose 29.37 points, or 0.2%, to 14,346.02.
The Russell 2000 index of smaller companies rose 21.64 points, or 1.1%, to 2,003.18.
For the year:
The S&P 500 is up 749.46 points, or 19.5%.
The Dow is up 2,412.28 points, or 7.3%.
The Nasdaq is up 3,879.54 points, or 37.1%.
The Russell 2000 is up 241.93 points, or 13.1%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
