So much for Wall Street’s bulls selling in May and going away on summer vacation. The Dow hit a new all-time high Monday, led by gains in Disney and big banks Goldman Sachs and JPMorgan Chase.
The Dow ended the day up about 126 points, or 0.4%, closing just below the 35,000 mark. The blue chips have now jumped more than 3% since the supposedly sleepy start of summer trading back in May.
The S&P 500 rose about 0.3% and the Nasdaq gained 0.2%, with both also notching fresh all-time highs. The S&P 500 and Nasdaq are each up about 5% since the beginning of May.
Disney (DIS) was the best performer in the Dow Monday, gaining more than 4% following the strong box office numbers and solid streaming revenue for Marvel’s “Black Widow” over the weekend.
For the full on click the link below to read it on CNN.
Disney and big banks lead stocks to new all-time highs – CNN