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.

c 33%

r 67%

Dow leaps over 400 points to record close as investors welcome signs of robust economy

New York Post

How major US stock indexes fared Friday, 11/22/2024

Associated Press

Dow Soars 423 Points for Record Close

Newsmax

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Overview

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.

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