Stocks increased on Thursday as the market continued to rise and traders anticipated important inflation data coming out next week as well as the Federal Reserve’s most recent policy statement.
To end the day at 33,833.61, the Dow Jones Industrial Average rose 168.59 points, or 0.5%. The S&P 500 closed the day at 4,293.93 – its highest closing level since 2023 — after trading 0.62% higher. At 13,238.52, the Nasdaq Composite rose 1.02%.
Tech equities were led higher by Amazon amid positive analyst commentary. Shares of the massive e-commerce company increased by 2.5%, which aided the Technology Select Sector SPDR Fund’s (XLK) gain of more than 1%.
Source (CNBC)
