3 sources·Business

Wall Street Rises to Record Highs Driven by Strong Economic Data

All three major indexes gained, with the Dow marking a record close, as investors react to robust economic activity and corporate earnings.

The distribution of story sources: left-leaning (blue), center (light gray), and right-leaning (red).
Mostly Reliable
The underlying sources are generally reliable but sometimes include opinion, propaganda, or minor inaccuracies.
Leans Right
The underlying sources slightly lean right.
Subscribe to unlock this story

We really don't like cutting you off, but you've reached your monthly limit. At just $3/month or $30/year, subscriptions are how we keep this project going. Start your free 7-day trial today!

Get Started

No highlights available for this story.

Updated: Nov 22nd, 2024, 6:18 PM ET

Summary

A summary of the key points of this story verified across multiple sources.

Wall Street closed higher on Friday for the fifth consecutive session, with the Dow Jones Industrial Average reaching a record high amid positive economic indicators. The S&P 500 rose 0.3% and the Nasdaq added 0.2%. The strong performance is attributed to a surge in business activity, expectations for lower interest rates, and gains from retailers like Gap. Meanwhile, regulatory concerns around Alphabet and mixed results for AI firm Nvidia weighed on certain stocks. Predictions regarding Federal Reserve policy have also influenced market conditions.

Perspectives

Compare opinions on this story from liberal (Left), conservative (Right) or center-leaning news organizations.

No center-leaning sources available for this story.