- January 20, 2024 07:18
Stock market live updates: US stocks close at a record high
The S&P 500 posted a record high close on Friday for the first time in two years, fuelled by a rally in chipmakers and other heavyweight technology stocks on optimism around artificial intelligence.
The benchmark’s close confirmed that the S&P 500 has been in a bull market since it closed at its low on Oct. 12, 2022, according to one measure which also puts that date as the end of a bear market.
In a selloff between its record high close of 4,796.56 on Jan. 3, 2022 and its low in October 2022, the S&P 500 tumbled 25%.
On Friday, the S&P 500 jumped 1.23% to end the session at 4,839.81 points.
- January 20, 2024 07:14
Stock market live updates: BSE, NSE to trade in full session today
Indian stocks will trade in a full session on Saturday, and remain shut on Monday due to a public holiday in Maharashtra. The blue-chip Nifty 50 index settled 0.75% higher at 21,622.40 on Friday, while the S&P BSE Sensex closed 0.70% higher at 71,683.23. After Saturday’s session, regular market trading will resume on Jan. 23, Tuesday.
