Business

US stocks gain; S&P 500 holds at 2,000 points

Advertisement

A first: The S&P 500 closed above 2,000 as stocks got a lift from encouraging economic data. The index has risen 8.2% this year and gone without a correction (a drop of 10% or more) for nearly three years. It closed above 1,000 for the first time in 1998. On Tuesday, reports showed the biggest jump ever in durable-goods orders in July and a surprise gain in consumer confidence, to the highest since 2007. Amazon rose 2.3%; it’s buying the video game service Twitch. Seven of the 10 S&P 500 groups rose, with energy stocks leading. The Nasdaq biotech index added 1.3% to set a record, completing a rebound from its 21% fall from February through April.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to Globe.com for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com