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Nasdaq Breaks Another Record

M. Ali 11 July, 2020 1:07 am Global Stock Market, Market Update

The New York Stock Exchange (NYSE) maintained its gains on Friday, despite the United States seeing a new record high of new coronavirus cases, with the Nasdaq reaching a new all-time high closing level.

Energy stocks achieved noticeable gains, supported by the recent IEA report that suggested improved demand for oil in 2020, compared with previous forecasts.

The Dow Jones Industrial Average gained 369.2 points, or 1.4%, and closed at 26,075.30.

The S&P 500 added 1% to settle at 3,185.04.

The Nasdaq Composite Index increased by 0.7% and closed at another record level at 10,617.44.

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