Wednesday Stock Market Update
The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite posted gains on Wednesday, according to CNBC.
- The Dow Jones Industrial Average gained 83.48 points, or 0.30 percent, to close at 28,331.92.
- The S&P 500 gained 1.02 percent to close at 3,478.73.
- The Nasdaq Composite surged 1.70 percent to close at 11,665.06.
The S&P 500 and Nasdaq closed at all-time highs.
Salesforce surged 26 percent following strong earnings. Netflix gained 12 percent. Facebook, Amazon, Alphabet, Microsoft, and Apple also closed higher.
Positive vaccine news also helped steer the markets upward. Modern announced that its vaccine candidate showed promising results in a small trial with patients aged 56 and older.
Tomorrow, Federal Reserve Chairman Jerome Powell will deliver a speech tomorrow after weekly jobless claims data is released.