Dow ends at another record high as Wall Street buoyed by banks, small-caps

[groundloop]

Source: Reuters

The Dow Jones Industrial Average rose on Wednesday and closed at a record high, and Wall Street's two other benchmark indexes also ended higher, weathering declines in megacap tech shares thanks to small-caps gains and financial shares buoyed by strong earnings.

It was the third time in four sessions the Dow has recorded a best ever finish, ending above 43,000 points again and recouping losses from the previous session.

Also a whisker away from setting another closing milestone was the S&P 500 , but ultimately it finished just short, up 27.21 points, or 0.47%, to 5,842.47 points.

The Nasdaq Composite rose 51.49 points, or 0.28%, to 18,367.08. The Dow Jones Industrial Average advanced 337.28 points, or 0.79%, to 43,077.70.

Read more: https://www.reuters.com/markets/us/futures-steady-nasdaq-higher-markets-await-bank-earnings-2024-10-16/

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OK trumpers, talk to me about the economy.

[democratsruletheday]

1. "It's the economy stupid"

nope, a lot more goes into it than the Dow but our household portfolio is going gang busters as is most of my fellow Americans. NO comparison between the failure Trump economy and Bidenomics. None whatsoever.

[llmart]

2. I was out today doing a bit of shopping

Places like Home Depot, Target, Kohls and I couldn't help but think about all those people I saw buying, buying, and buying some more. On a weekday even, albeit after school hours and some with their kids in tow. In my mind I wanted to go up to all the people and say, "This economy will end if you vote for Trump." I hope that crosses their minds, though I think a lot of Americans don't even think that deeply.

As for me and any other retiree taking their RMD's, I've taken out four years of RMD's and I still have way more in my account than I did before.

[question everything]

3. But.. but Whiny predicted the market would tank under this administration

[myohmy2]

4. looks like...

...wall street's excited about a Harris victory in November...

...good for them...