U.S. stocks finished solidly higher Wednesday and the Dow booked the first close above 27,000 in more than six weeks, ahead of corporate results from Tesla (TSLA) and Microsoft (MSFT). The Dow Jones Industrial Average rose 165 points, or 0.6%, to around 27,006, marking its first finish above the psychologically significant level at 27,000 since June 9, according to FactSet data. The S&P 500 index closed 0.6% higher at around 3,276, while the Nasdaq Composite Index finished 0.2% higher at 10,706. Markets shook off simmering tensions between China and the U.S. to finish the day higher, with investors focusing on corporate results to indicate the degree by which some of the biggest companies in America have been able to contend with the COVID-19 pandemic.
-Mark DeCambre; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
July 22, 2020 16:29 ET (20:29 GMT)
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