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US Stocks Hit Record Highs as S&P 500, Dow and Nasdaq Rally on Earnings Optimism

Wall Street and US stock markets
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NEW YORK: Wall Street’s major indexes reached record highs as investors bet that corporate profits can remain resilient despite inflation, high energy prices and uncertainty over interest rates.

S&P 500 closes above 7,800

The S&P 500 rose 0.6% to 7,818.93, the Dow Jones Industrial Average gained 0.5% to 51,521.28 and the Nasdaq Composite advanced 0.4% to 27,599.79. Constellation Energy was among the stronger performers after announcing a long-term electricity agreement with Google.

Lower bond yields also helped equities, although investors remain focused on Federal Reserve policy and rising oil prices.

Related: Stock market news

Source: Associated Press


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Imran Siddiqui

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