[NEW YORK] The S&P 500 and the Nasdaq reached new record closing highs on Monday as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major US stock indexes higher. Read more at The Business Times.
"There's been a broadening in this rally and the what's reflected in the transports," said Chuck Carlson, chief executive officer at Horizon Investment Services in Hammond, Indiana." volume is accompanying this expanding breadth, and those are all bullish things."
The Trump administration is considering fast-tracking an experimental Covid-19 vaccine being developed by AstraZeneca and Oxford University in hopes it could be deployed in the United States before Americans head to the polls in November. On Capitol Hill, Democrats and Republicans remained at loggerheads over funding levels and unemployment benefits.
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S&P, Nasdaq close at new highs as Wall Street rides bull momentumNEW YORK (REUTERS) - The S&P 500 and the Nasdaq reached new record closing highs on Monday (Aug 24) as optimism over potential medical advances in the war against the coronavirus pandemic pushed all three major US stock indexes higher.. Read more at straitstimes.com.
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