Wall Street returns to rallying; gold jumps to record high
July 26, 2020
NEW YORK (AP) — Wall Street's rally got back on track Monday, while gold rushed to a record at the start of a week packed with potentially market-moving events.
The S&P 500 rose 0.7% to more than recover all its losses from last week, as Apple and other tech giants returned to their winning ways. Nervousness was still hanging over markets, though, and gold briefly topped $1,940 per ounce for the first time.
The S&P 500 climbed 23.78 points to 3,239.41. The Dow Jones Industrial Average rose 114.88, or 0.4%, to 26,584.77, and the Nasdaq composite gained 173.09, or 1.7%, to 10,536.27.