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U.S. stocks surge higher, carrying Dow up to 2nd straight closing high

U.S. stocks surge higher, carrying Dow up to 2nd straight closing high

Wall Street barreled higher Wednesday, propelling the Dow Jones industrials to their second straight record high close as investors shrugged off lackluster economic news and grew more optimistic that the Federal Reserve will lower interest rates as the economy cools.
According to preliminary calculations, the Dow, the stock market's best known indicator, soared 122 points and past 11,850 after reaching a new closing high for just the first time in nearly seven years on Tuesday.


Updated : 2021-06-15 08:26 GMT+08:00