Dow, S&P 500 score set of closing records Monday ahead of earnings deluge
The Dow Jones Industrial Average and the S&P 500 index finished at records on Monday, ahead of a deluge of third-quarter earnings results due this week, including from Facebook Inc. (FB) after the session's closing bell. The Dow advanced about 64 points, or 0.2%, to close at a record 35,741.15, eclipsing its record finish on Friday and setting a new all-time trading high along the way. The S&P 500 added about 0.5% on Monday to end at a record 4,566.48, after setting its own intraday record high. The technology-heavy Nasdaq Composite Index outperformed, gaining 0.9%, but ended shy of record territory. The bullish mood on Wall Street comes ahead of more than 150 S&P 500 companies, or nearly a third of the broad-market index, this week reporting quarterly results. Investors also widely expect the Federal Reserve to start to lay out its plans soon for reducing its $120 billion of monthly emergency purchases of Treasury and mortgage-backed securities as the U.S. economy heals, but without tightening monetary policy by too much down the road.
(END) Dow Jones Newswires
October 25, 2021 16:05 ET (20:05 GMT)
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