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Aug. 3, 2020, 4:12 p.m. EDT

Nasdaq Composite closes at record as stocks start August on a positive note

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By Sunny Oh

U.S. stocks finished higher on Monday to kick off the first trading session in August as investors eyed an increase in manufacturing activity across the world, along with stimulus negotiations in Washington. The S&P 500 /zigman2/quotes/210599714/realtime SPX -0.50% gained 0.7% to end around 3,295. The Dow Jones Industrial Average /zigman2/quotes/210598065/realtime DJIA -0.60% advanced 236 points, or 0.9%, to finish near 26,664, based on preliminary numbers. The Nasdaq Composite /zigman2/quotes/210598365/realtime COMP -0.24% rose 1.5% to 10,903, setting a new intraday and closing record on Monday. Investors were buoyed by the Institute for Supply Management's report that its manufacturing gauge rose to a reading of 54.2, its highest reading in 15 months. Any number above 50 represents an increase in industrial activity. Stalled negotiations in Congress over a new coronavirus relief package continued to draw attention amid worries that without additional stimulus funds the U.S. recovery could suffer a severe setback.

Read the full story:
Nasdaq ends at record as stocks rally after pickup in manufacturing activity to kick off August

/zigman2/quotes/210599714/realtime
US : S&P US
3,334.96
-16.64 -0.50%
Volume: 1.07B
Sept. 29, 2020 1:27p
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/zigman2/quotes/210598065/realtime
US : Dow Jones Global
27,418.82
-165.24 -0.60%
Volume: 172.38M
Sept. 29, 2020 1:27p
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/zigman2/quotes/210598365/realtime
US : U.S.: Nasdaq
11,091.27
-26.25 -0.24%
Volume: 1.86M
Sept. 29, 2020 1:27p
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