Back
29 May 2014
Wall Street resumes rally; NASDAQ over 3% up in May
FXStreet (San Francisco) - The US stocks market rallied for fifth day in the last six on Thursday as investors are digesting the first negative growth in the United State in three years.
Traders are betting for a rebound in the Q2 and possible upbeat corporate earnings season in accordance. The NASDAQ jumped to 2-month highs and now it is over 3% positive in the month. The S&P 500 closed at new record highs. The three majors closed near to daily highs.
The Dow Jones advanced 65.56 points or 0.39% to finish the day at 16,698.74; The S&P 500 added 10.25 pts or 0.54% to 1,920.03; while the NASDAQ jumped 22.87 pts or 0.54% to 4,247.95.
Traders are betting for a rebound in the Q2 and possible upbeat corporate earnings season in accordance. The NASDAQ jumped to 2-month highs and now it is over 3% positive in the month. The S&P 500 closed at new record highs. The three majors closed near to daily highs.
The Dow Jones advanced 65.56 points or 0.39% to finish the day at 16,698.74; The S&P 500 added 10.25 pts or 0.54% to 1,920.03; while the NASDAQ jumped 22.87 pts or 0.54% to 4,247.95.