Wednesday, 15 July 2020
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Dow, S&P 500 and Nasdaq surge to record intraday highs with stocks set to notch fourth straight week of gains

U.S. stocks touched new records Friday during a 'quadruple-witching session,' which will see the expiration of December stock options along with stock index futures and options, after setting more records in the previous session.

Investors were also digesting an update on third-quarter U.S. GDP growth that showed strong consumer spending was offset by weaker business investment in inventories, while in the fourth quarter consumer spending climbed at its fastest pace in four months in November.

The Dow Jones Industrial Average rose 98 points, or 0.4%, at 28,476, the S&P 500 index added 15 points, or 0.5% to 3,221, while the Nasdaq Composite index picked up 30 points, or 0.3%, at 8,917.

All three benchmarks set record intraday highs Friday.

Source : MarketWatch

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