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Dow Jones Rallies 500 Points while Bitcoin Remains Flattish
On Monday, October 30, the Dow Jones Industrial Average (INDEXDJX: .DJI) gained by over 511 points or 1.58%, ending the trading at 32,928.96. This was the biggest single-day gain market by the index, after June 2023.
The S&P 500 saw a robust 1.2% surge, reaching 4,166.82, marking its most substantial gain since late August. Simultaneously, the Nasdaq Composite also advanced, rising by 1.16% to 12,789.48. This week is big for traders with major announcements ahead such as jobs report, Federal Reserve rate decision, and Apple Inc‘s (NASDAQ: AAPL) earnings.
The Communication services sector led the way in S&P 500 (INDEXSP: .INX) performance, surging by over 2% in its most substantial daily gain since late August. Mega-cap tech giants Amazon.com Inc (NASDAQ: AMZN) and Meta Platforms (NASDAQ: META) followed suit, with impressive jumps of 3.9% and 2%, respectively.
These developments follow the S&P 500’s
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