Home » Fourth-straight record high for S&P 500Source: Sosland Publishing Co.
Recap for January 24
- US equity indexes closed higher Wednesday, driven by strong performances from the so-called Magnificent Seven: Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia and Tesla. Investors were encouraged to return to large-cap tech shares by ideas the economy is likely too strong for the Federal Reserve to cut interest rates as swiftly as some hoped. The Dow Jones Industrial Average dropped 99.06 points, or 0.26%, to close at 37,806.39. The Standard & Poor’s 500 edged up 3.95 points, or 0.08%, to close at 4,868.55. The Nasdaq Composite added 55.97 points, or 0.36%, to close at 15,481.92.
- A pause in the US dollar’s January jump boosted wheat futures Wednesday, the prompt Chicago contract up 2.4% in apparent chart-based trading. The dollar’s direction also helped KC and Minneapolis futures…
