Dow Jones Soars 1,500 Points in 3 Sessions; S&P 500 Hits Record High

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CNBC TV18•07-01-2026, 04:54
Dow Jones Soars 1,500 Points in 3 Sessions; S&P 500 Hits Record High
- •Dow Jones gained nearly 1,500 points in three sessions, closing above 49,000 for the first time.
- •S&P 500 reached a new record high near 6,950; Nasdaq also gained but remains below its record.
- •Nvidia shares fell despite strong Chinese demand for H200 AI chips and bright revenue outlook.
- •December Services PMI showed weakest expansion since April; Federal Reserve rate cut hopes persist.
- •Gold and Silver prices rallied, while Brent crude returned to $60/barrel after US invasion of Venezuela.
Why It Matters: Wall Street indices continue a strong 2026 start, driven by broad gains and optimistic forecasts.
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