Dow Jones records third highest close in history after inflation report

On Tuesday, U.S. stocks achieved new highs in 2023, with investors eagerly anticipating the Federal Reserve’s interest rate announcement on Wednesday.

The optimism surrounding potential rate cuts remained intact, contingent on the latest inflation data not dampening enthusiasm.

The Dow Jones Industrial Average (DJIA) saw a rise of 173.01 points or 0.5%, concluding at 36,577.94. This marked its third-highest closing level in history, trailing just 0.6% below its record close of 36,799.65 on Jan. 4, 2022.

The S&P 500 (SPX) experienced a gain of 21.26 points, or 0.5%, reaching 4,643.70, its highest closing level since Jan. 14, 2022, Market Watch reported.

READ MORE: https://www.marketwatch.com/story/s-p-500-futures-hover-at-2023-highs-ahead-of-inflation-report-b497917f

Links for B.C.

Visit My Website
https://bcbegley.com

Follow Me On Facebook
https://www.facebook.com/B.C.Begley

Subscribe To My Patreon
https://www.patreon.com/bcbegley

Watch Me On YouTube
https://www.youtube.com/channel/UCGoUf-QQTlTN-BIh3ERCE9A

Follow Me On Twitter
https://twitter.com/BC_News1

Watch Me On Rumble
https://rumble.com/c/c-280191

Follow Me On Gab
https://gab.com/BC_Begley