Market roundup for Sept. 2
SAN JUAN — The U.S. stock market continued its record-setting pace Wednesday. The Dow Jones closed just 1.5% short of its all-time high, reached Feb. 12, and the Nasdaq Composite surpassed 12,000, a highly significant milestone for the tech-driven index. U.S. equities ended the day up.
Two critical economic benchmarks were reported:
- U.S. Manufacturing Shipments rose to $479.53 billion, up from $458.28 billion last month, yet still down from $501.78 billion last year.
- U.S. Manufacturing New Orders fell slightly to 6.35%, compared to 6.45% last month; however, much higher than the 1.57% last year.
The following companies are producing significant returns:
- Tesla Inc. (TSLA) has returned 467.8% year-to-date (YTD).
- Apple Inc (AAPL) has returned 84.04% YTD.
- Amazon (AMZN) has returned 89.36% YTD.
- Microsoft Corp. (MSFT) has returned 45.26% YTD.
On to markets,
- The Dow Jones Industrial Average closed at 29,100.50, up 454.84 points, or 1.54%.
- The Standard & Poor’s 500 Index closed at 3,580.84, up 54.19 points, or 1.59%.
- The NASDAQ Composite Index closed at 12,056.44, up 116.78 points, or 0.98%.
- The Birling Capital Puerto Rico Stock Index closed at 1,560.95, up 15.76, or 1.02%.
- The U.S. Treasury 10-year note closed lower, at 0.66%.
- The U.S. Treasury 2-year note closed higher, at 0.14%.