Stock market today August 31, 2020
August 31, 2020
Stock market today
“Wall Street ends best month in decades; Apple, Tesla rally into split.
Wall Street closed out a monster August on Monday, with major benchmarks notching their best month in at least 20 years, bolstered by ultra-accomodative Federal Reserve policy, moderating coronavirus infections and rising hopes for a COVID-19 vaccine that may backstop economic growth.
Despite giving back some gains on Monday, a formidable string of consecutive winning sessions carried the Dow over 7% higher during August, its best monthly showing since 1986. The S&P 500 Index also saw its best month since 1986, while a brisk rally in major tech stocks propelled the Nasdaq to its best monthly performance since 2000, representing a nearly 10% gain.
All told, stocks are now deeply entrenched in a new bull market, less than 6 months after a vicious sell-off sparked by the COVID-19 outbreak obliterated all of the Trump era gains.
The high-flying tech shares of Apple (AAPL) and Tesla (TSLA) both soared after their stocks split on Monday, on the heels of setting new record highs. Tech stocks have boosted market sentiment, and helped grease the wheels of a rally that’s carried benchmarks higher despite the ongoing pandemic. Amazon (AMZN), Facebook (FB), Netflix (NFLX) and Alphabet (GOOG, GOOGL) have been among the winners.”
Stock market data: Yahoo Finance
Stock market today at the close
S&P 500: 3,500.31,-7.70(-0.22%)
Dow 30: 28,430.05,-223.82(-0.78%)
Russell 2000: 1,561.88,-16.47(-1.04%)
Stocks with effective stock split today
Tesla, Inc. (TSLA): 498.32+55.64 (+12.57%)
Apple Inc. (AAPL): 129.04+4.23 (+3.39%)
At 4:33 PM, ET time today oil price was lower and gold price was flat.
Crude Oil: 42.79,-0.18(-0.42%)
The 10-yr bond yield closed lower at 0.6930,-0.0360(-4.94%).