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US Stocks Soar to Record Highs on Strong Corporate Profits and Jobs Report

US stocks closed at a significant rise, the day before yesterday, and the Standard & Poor’s index recorded the highest level ever at the close in light of strong corporate profits, especially technology giants, and supported by the strong jobs report for January.

Indices rebounded for the fourth week with the evaluation of data that showed a rise in consumer confidence at the highest level since July 2021. Standard & Poor’s rose 52.35 points, or 1.07%, to close at 4,958.04 points, which is the seventh record closing since the beginning of 2024, achieving weekly gains of 1.4%.

Dow Jones rose 133.86 points, or 0.35%, to 38,653.70 points, and Nasdaq gained 267.31 points, or 1.74%, to 15,628.95 points. The gains were supported by the profits of the technology chain, and its shares rose to record closes, such as “NVIDIA,” “Meta Platforms,” and “Microsoft.”

2024-02-03 22:05:42
#Technology #giants #soar #stocks

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