Momentum Returns in Stocks As Dow, S&P, and Nasdaq Index Approach ATHs
Dow Jones and U.S. stocks reversed early weakness, lifting major indices back toward their next key record levels.
Quick overview
- U.S. stocks, including the Dow Jones, S&P 500, and NASDAQ, reversed early losses and moved closer to all-time highs.
- The Dow Jones gained 408.44 points, nearing its record high of 48,254 points, while the S&P 500 and NASDAQ also posted gains.
- All three major indices have reclaimed their short-term moving averages, indicating strong bullish momentum.
- Despite a brief pullback, the indices have recorded gains in six of the past seven trading days.
Live DOW Chart
Dow Jones and U.S. stocks reversed early weakness, lifting major indices back toward their next key record levels.
Market Recovers Early Losses
The broader market continues to lean bullish, with the major indices edging closer to their next upside milestones near all-time highs. Both the S&P 500 and NASDAQ opened under pressure but quickly erased their declines as steady buying returned. Earlier in the session, the NASDAQ had fallen 141.84 points, while the S&P was lower by 18.94 points. Persistent demand pushed both benchmarks back into positive territory, with the S&P now up 26 points (0.38%) and the NASDAQ ahead by 51 points (0.22%).
Despite yesterday’s brief pullback—which paused a five-session advance—the indices have still logged gains in six of the past seven trading days, reinforcing the strength behind the current trend.
Dow Extends Gains And Nears Record Territory
The Dow Jones started slightly lower but quickly found traction, climbing close to 1% and moving within reach of its all-time high of 48,254 points.
Technically, all three major indices have reclaimed their short-term moving averages, a key bullish development that gives buyers a solid support zone. As long as prices remain above these levels, traders are likely to continue targeting the record marks set at the end of October.
Current reference points include the S&P 500 near 6,856.34 versus its high at 6,920.34, and the NASDAQ around 23,471, just shy of its record 24,019.99.
Closing Levels For Major U.S. Stock Indices
Dow Jones Industrial Average
- Finished the session at 47,882.90 points
- Gained +408.44 points (+0.86%)
- Strong buying interest into the close helped the Dow outperform its peers, keeping it firmly on track toward retesting record territory.
Nasdaq Composite
- Ended the day at 23,454.09 points
- Added +40.42 points (+0.17%)
- Tech names showed more moderate strength, but the index still managed to extend its broader uptrend despite pockets of early-session volatility.
S&P 500
- Closed at 6,849.72 points
- Increased by +20.35 points (+0.30%)
- The benchmark index continued to build on its recent momentum, with steady inflows keeping it within reach of its all-time high.
Dow Jones Live Chart
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