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You are here News Economy Wall Street notches fresh records as S&P 500 and Dow Jones close at all-time high

Wall Street notches fresh records as S&P 500 and Dow Jones close at all-time high

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Wall Street notches gains at all time high

Wall Street scaled fresh records on Monday, as the S&P 500 and the Dow Jones industrial average each closed at an all-time high.

The S&P gained 0.2% to 4,850.43. The Dow cleared 38,000 for the first time, rising 0.4% to 38,001.81.

It comes as a string of companies prepare to update investors. American Airlines, Intel, Procter & Gamble and Tesla are among those due to release earnings in the coming days.

New York’s technology-focused Nasdaq Composite advanced 0.3% to finish Monday at 15,360.28.

The S&P 500 recorded its first record high in two years on Friday, amid a broad market rally on hopes that a cooldown in inflation will allow the Federal Reserve to cut interest rates several times this year.

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