By Jesse Cohen
GossipMantri.com – Stocks on Wall Street ended higher on, with the major averages wrapping up their fourth straight monthly gain thanks to an ongoing flood of stimulus from the Federal Reserve.
The rose 114 points, or 0.4%, to end the week at 26,428, the gained 0.7%, or 24 points, to 3,271, while the jumped 1.4%, or 157 points, to 10,745, led by a 10% jump in Apple shares (NASDAQ:).
For the week, stocks put in a mixed performed, with Dow sliding 0.2% to suffer its second straight weekly decline amid faltering economic data and a resurgence in coronavirus cases.
The S&P and Nasdaq, however, rose 1.7% and 3.7%, respectively, boosted by a rally in the Big Tech shares.
Wall Street’s major indexes closed out the month of July with solid gains and posted their fourth straight positive month in a row. The Dow gained 2.3% in July, while the S&P 500 and Nasdaq soared 5.5% and 6.8%, respectively.
At current levels, the benchmark S&P 500 index is now about 4% shy of its February all-time high. The index has rallied nearly 49% from an intraday low set on March 23, when coronavirus-related lockdowns shocked the stock market.
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