TELETRADER News
9/1/2020, 10:01 PM (Source: TeleTrader)
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Dow jumps 200 pts on close amid optimistic data

The Dow Jones Industrial Average ended its first trading session of the month with a 215 point jump, amid the optimism prompted by the United States Institute for Supply Management's report which revealed that the Purchasing Managers Index (PMI) beat the expectations to stand at 56% in August. Moreover, construction spending in the country rose by 0.1% in July.

On the business side, Zoom Video Communications, Inc. posted excellent results in the second quarter of the year, which has propelled the firm's shares up by a whopping 40%.

The Dow Jones soared 0.76% or 215 points at the session's close as Walmart gained 6.29%. The Nasdaq 100 ended the day with a new all-time high, jumping 1.50% at the closing bell lead by Zoom and DocuSign. The S&P 500 followed suit, finishing the session with a 0.75% increase and scoring its own best-ever result. The best performers on the index were L Brands and Albemarle, rising 7.31% and 7.01%, respectively. The euro declined by 0.21% against the dollar, selling for $1.19122 at 4:03 pm ET.

Baha Breaking the News (BBN) / BU