Market roundup for Aug. 4
SAN JUAN — The U.S. stock market finished higher for a third day in a row amid wide-ranging optimism that Washington is near an agreement on the Coronavirus Phase 4 Stimulus Package.
With the Senate’s summer recess set to commence Friday, pressure is mounting for Democrats, Republicans and the White House to reach a deal. Washington sources say discussions have been productivea and could lead to an agreement despite the difference in views.
Riding on record-setting quarterly earnings, Apple leaped ahead of Saudi Aramco to become the world’s most valuable company with a $1.876 trillion market capitalization.
- The Dow Jones Industrial Average closed at 26,828.47, up 164.07 points, or 0.62%.
- The Standard & Poor’s 500 Index closed at 3,306.51, up 11.9 points, or 0.36%.
- The NASDAQ Composite Index closed at 10,941.17, up 38.97 points, or 0.35%.
- The Birling Capital Puerto Rico Stock Index closed at 1,509.63, up 1.86, or 0.12%.
- The U.S. Treasury 10-year note closed down, at 0.52%.
- The U.S. Treasury 2-year note closed flat at 0.11%.