S&P Celebrates 7 Straight Positive Days

July 10,2024 12:53 pm EST

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The S&P 500 climbed Wednesday to a fresh record, breaking above 5,600 for the first time, as investors awaited a key U.S. inflation report.

The Dow Jones Industrials recovered 166.92 points to roll into noon hour at 39,458.57.

The much-broader index gained 30.52 points to 5,607.50, reaching a fresh record high and on track for its seventh straight day of gains.

The NASDAQ climbed 141.44 points to 18,570.73, also hitting an all-time high.

Artificial intelligence favorite Nvidia climbed 2% and helped lift chipmakers such as AMD and Broadcom higher. Shares of Apple inched 1% higher after overtaking Microsoft as the most valuable company.

Prices for the 10-year Treasury edged higher, lowering yields to 4.28% from Thursday's 4.29%. Treasury prices and yields move in opposite directions.

Oil prices gained $1.03 at $82.44 U.S. a barrel.

Gold prices bounced $17.20 to $2,385.10

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Tuesday's technical standout looks to be Akebia Therapeutics Inc., which is displaying a Golden Cross (50 DMA / 200 DMA) with today’s move to $1.64.

Tuesday's largest penny Stock gainer on the TSX-Venture was Copper Road Resources Inc., which rallied 200.00%, closing at $0.05.

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S&P Celebrates 7 Straight Positive Days

Previous Market Updates

Currencies

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Battery Company Moving Higher Following LOI for Joint Venture

French Biotech Stock Soars On Regulatory Updates

Acquisition Of 80-Megawatt Bitcoin Mining Facility Causes Massive Buying Pressure

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