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October 14, 2024 at 6:52 pm

Dow Adds 200 Points for First Close Above 43,000; S&P 500 Hits Another All Time High…

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by Lisa Kailai Han and Yun Li at CNBC

The S&P 500and the Dow Jones Industrial Average rose to fresh records Monday as investors awaited the next batch of key corporate earnings.

The broad market index climbed 0.77% to 5,859.85, while the 30-stock Dow advanced 201.36 points to 43,065.22. Both averages hit all-time highs and closed at records, with the Dow ending the session above the 43,000 mark for the first time. The Nasdaq Composite added 0.87%, closing at 18,502.69.

McDonald’s, UnitedHealth Group and Apple led the Dow higher. Technology continued its upward run and was the best-performing sector in the S&P.

Bank of America, Goldman Sachs and Johnson & Johnson report their latest results on Tuesday, while Morgan Stanley and United Airlines are set to release results Wednesday. Walgreens Boots Alliance, Netflix and Procter & Gamble are also scheduled to post earnings this week.

Those reports will come after JPMorgan Chase and Wells Fargo kicked off…

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