Monday, Jul 16, 2018
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Stock Market

Dow Jones roars past 24,000 mark

Stocks are rising on Wall Street as the technology turns higher following a steep drop a day earlier.

Banks and industrial companies were also higher in midday trading Thursday. Alliance Data Systems jumped 3 percent, JPMorgan Chase rose 1.4 percent and Union Pacific rose 2.9 percent.

Supermarket operator Kroger jumped 9.8 percent after reporting a strong quarter, and arts and crafts store Michaels soared 11.8 percent after its own results came in ahead of forecasts.

The Standard & Poor’s 500 index rose 16 points, or 0.6 percent, to 2,642.

The Dow Jones industrial average gained 196 points, or 0.8 percent, to 24,136. The Nasdaq composite rose 41 points, or 0.6 percent, to 6,865.

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