Wall Street closed higher on Monday to start August on a positive note after four consecutive months of rally. Investors’ confidence strengthened following a series of merger and acquisitions news and better-than-expected manufacturing data globally. All three major stock indexes ended in green.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) finished in positive note for two successive days after surging 0.9% or 236.08 points to close at 26,664.40. Notably, 20 components of the 30-stock blue-chip index ended in the green while 9 finished in red and one remained unchanged.
The tech-laden Nasdaq Composite ended in positive