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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