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Home>UPDATE: Stock market climbs to record territory to kick off 4th quarter trade

UPDATE: Stock market climbs to record territory to kick off 4th quarter trade

UPDATE: Stock market climbs to record territory to kick off 4th quarter trade

10/02/2017

By Victor Reklaitis and Mark DeCambre, MarketWatch

Roku shares trade lower after soaring in their debut last week

U.S. stock benchmarks on Monday traded in record territory as equities resumed a steady, albeit controlled, runup that could set the tone for the final three months of 2017. The moves for stocks occurred despite a mass shooting event in Las Vegas that is being described as the worst in U.S. history.

What are the stock benchmarks doing?

S&P 500 index advanced by 6 points, or 0.2%, to 2,525, hitting a record intraday at 2,527.92, powered by gains in the health-care sector, up 0.7%. Meanwhile, the Dow Jones Industrial Average added 50 points, or 0.2%, at 22,454, touching an intraday, all-time high at 22,487.11, supported by gains in 3M Co. (MMM) and Goldman Sachs Group Inc. (GS).

The Nasdaq Composite Index , meanwhile, tacked on 25 points, or 0.4%, to 6,520

On Friday, the S&P 500 and the Nasdaq Composite finished at all-time closing highs (http://www.marketwatch.com/story/us-stocks-set-for-weaker-open-but-monthly-gains-set-to-remain-intact-2017-09-29), and the Dow finished only 7.50 points below its Sept. 20 record close. The three main benchmarks posted weekly, monthly and quarterly gains.

What are strategists and traders saying?

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