Stocks rally, closing out best month for the S&P 500 since November 2020
CBSN
Stocks racked up more gains Friday as Wall Street closed out its best month since November 2020, a welcome breather for investors after a punishing year for the market.
The S&P 500 index, a benchmark for many stock funds, rose 59 points to 4,130, or 1.4%, and finished 9.1% higher for July. The index is still down 13.3% for the year, however.
The tech-heavy Nasdaq rose 1.9%, ending the month 12.4% higher, while the Dow Jones Industrial Average rose 1% and notched a 6.7% gain for the month.
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Early this week, Senate Republicans and the president appeared to be edging closer to a framework to ending the Department of Homeland Security shutdown, which is now in its second month — but a breakthrough has remained out of reach.
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Washington — The Senate on Tuesday rejected the latest Democratic-led effort to rein in President Trump on Iran as the U.S. and Tehran send conflicting messages about how the war might end.
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OpenAI said Tuesday that it is discontinuing its Sora AI video app. Edited by Alain Sherter In:
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Minnesota state and county officials sued the federal government Tuesday, alleging they are being blocked from investigating the shootings of Renee Good, Alex Pretti and Julio Cesar Sosa-Celis by federal agents. In: