Wall Street closes higher, Dow up over 250 pts

Tuesday, 03. August 2021 22:00

Shares on Wall Street ended the session on Tuesday higher on the back of solid earnings, which pushed the Dow Jones Industrial Average over 250 points in the green in the last minute of trading.

Cyclical stocks reaped the benefits of signs of a strong economic recovery from the pandemic, with shares of banks and industrial companies posting gains during today's session. Meanwhile, investors were awaiting the July jobs report scheduled for a release on Friday in an effort to predict the Federal Reserve's possible next moves.

The Dow Jones gained 278 points by the closing bell. The top performers in the Dow included 3M, Caterpillar, and IBM. The S&P 500 jumped 0.82% at the time as shares of Moderna rocketed 11.51%. The Nasdaq 100 rose 0.65% with Micron leading the gains as shares climbed 4.15%.

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Author:
Breaking the News / JC