Wall St closes higher as investors return to megacap stocks

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The Straits Times 7h ago

Wall St closes higher as investors return to megacap stocks - The Straits Times

Quick Summary:

The Dow Jones Industrial Average rose 127.91 points, or 0.32 per cent, to 40,415.44.

Chief among the other factors on traders’ minds was a reexamination of the state of the presidential race after US President Joe Biden announced his withdrawal and endorsed Vice President Kamala Harris’ candidacy for the November election on Sunday.

NEW YORK - Wall Street’s three benchmarks ended higher on July 22 as investors returned to megacap growth stocks, helping both the S&P 500 and Nasdaq Composite recover from their worst weekly performance since April.