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Home>UPDATE: Dow climbs by more than 130 points to kick off 4th-quarter trade

UPDATE: Dow climbs by more than 130 points to kick off 4th-quarter trade

UPDATE: Dow climbs by more than 130 points to kick off 4th-quarter trade

10/03/2017

By Mark DeCambre and Victor Reklaitis, MarketWatch

Roku shares trade about 9% lower after soaring in their debut last week

U.S. stock benchmarks traded in record territory Monday afternoon, as equities resumed a steady run-up that could set the tone for the final three months of 2017. The moves for stocks occurred amid an upbeat tone on Wall Street 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 8 points, or 0.3%, to 2,525, hitting a record intraday high at 2,527.92, powered by gains in the health-care sector, up 0.7%. The Dow Jones Industrial Average added 133 points, or 0.6%, at 22,538, touching an intraday, all-time high at 22,543.65, supported by gains in 3M Co. (MMM) and Goldman Sachs Group Inc. (GS).

The Nasdaq Composite Index , meanwhile, tacked on 16 points, or 0.3%, to 6,511.

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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