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NYSE Maintains Record-Breaking Rally

M. Ali 27 August, 2020 1:16 am Global Stock Market, Market Update

The New York Stock Exchange (NYSE) closed higher on Wednesday, supported by the tech stocks gains, positive economic data, and expectations that the US Federal Reserve will maintain its monetary policy for the near future.

The Dow Jones Industrial Average added 83.48 points or 0.30% and closed at 28,331.92.

The S&P 500 closed at another all-time record after rising by 35.11 points or 1.02% to finish at 3,478.73, while the Nasdaq Composite closed at another record closing level at 11,665.06, rising by 198.59 points or 1.73%.

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