AI Generated Image
Stock market today: Dow closes above 52,000 for first time, S&P 500 and Nasdaq rally as tech gains
Yahoo Finance • • general
Key Points:
- US stocks rose on Monday, with the Dow Jones Industrial Average closing above 52,000 for the first time, supported by gains in Alphabet shares and other tech stocks.
- The Nasdaq Composite increased by 2%, and the S&P 500 gained 1.2%, rebounding from sharp losses the previous week.
- The Supreme Court ruled that Federal Reserve governor Lisa Cook would remain in her position, preserving Fed independence despite expanding presidential firing powers for other agencies.
- Easing US-Iran tensions boosted market sentiment after both sides agreed to halt recent attacks, with plans for renewed talks in Doha, Qatar.
- Oil prices initially rose due to geopolitical concerns, with Brent crude up 1.4% to $73 per barrel and US West Texas Intermediate futures increasing 1.7% above $70.
