Still awaiting the results of the tech giants – Facebook will reveal accounts after today’s closure, and Microsoft and Alphabet data – tomorrow – Wall Street has set new records again, with only the Nasdaq Composite not leaving October 25 in history.
The Dow Jones rose 0.18% to 35,741.15 after hitting 35,787.04, close and intraday highs in the session.
The broad S&P 500 did not want to lag behind and closed at an unprecedented level of 4,566.48 points, increasing by 0.47%, and during the day reached 4,572.62 points, a new all-time record.
The tech Nasdaq Composite rose 0.90%, but closed 15,226.71 points still below the record 15,374.33 it closed the session on September 7 last year.
Consumer goods, energy and materials were the top gainers in the S&P 500, with PayPal surging 2.7% after announcing it would not buy Pinterest in a $ 45 billion deal.
The star of the day, however, was Tesla, which soared 12.66%, topping $ 1,000 for the first time and close at $ 1,024.86 a share. The company led by Elon Musk debuted at select trillion dollar babies club, reaching a market capitalization of US $ 1.03 billion.
Electric vehicle maker promoted by announcement order for 100,000 cars from Hertz car rental company.
“The major indices have benefited from solid earnings growth this year – the adage that the tide raises all the issues is fully applicable,” he told Bloomberg Sima Shah, chief strategist at Principal Global Investors.
“But as the economy slows and market conditions become more challenging, selectivity will be key,” he warns.
