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16 Sep 2013
Wall Street rallies as Summers leaves the Fed's chairman run; Apple no
FXstreet.com (San Francisco) - The US stocks market closed Monday with gains in two of its three major indexes. The Nasdaq Composite was dragged by Apple's shares that collapsed 3.25% so far today. Investors cheered the Summers resignation from the running for the Fed chairman.
As Larry Summers won’t be running for Bernanke’s throne, he is leaving dovish Janet Yellen as the sole frontrunner so far. In the same tone, the US-Russia agreement on Syrian chemical weapons over the weekend is also collaborating with the upbeat mood amongst traders
The Dow and the S&P 500 closed at its highest levels in the last five weeks. Russell 200 and the S&P touches record highs.
The Dow Jones advanced 118.72 points or 0.77% to close the day at 15,494.78. The S&P 500 added 9.61 pts or 0.57% to 1,697.60. On the other hand, Nasdaq Composite declined 4.33 points or 0.12% to finish the dat at 3,717.85.
As Larry Summers won’t be running for Bernanke’s throne, he is leaving dovish Janet Yellen as the sole frontrunner so far. In the same tone, the US-Russia agreement on Syrian chemical weapons over the weekend is also collaborating with the upbeat mood amongst traders
The Dow and the S&P 500 closed at its highest levels in the last five weeks. Russell 200 and the S&P touches record highs.
The Dow Jones advanced 118.72 points or 0.77% to close the day at 15,494.78. The S&P 500 added 9.61 pts or 0.57% to 1,697.60. On the other hand, Nasdaq Composite declined 4.33 points or 0.12% to finish the dat at 3,717.85.