September is picking up right where August left off.
 | TUE, SEP 01, 2020 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 134.18 | +5.14 | +3.98% | | WMT | 147.59 | +8.74 | +6.29% | | INTC | 50.79 | -0.16 | -0.31% | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 134.18 | +5.14 | +3.98% | | GE | 6.19 | -0.15 | -2.37% | | AAL | 13.10 | +0.05 | +0.38% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 134.18 | +5.14 | +3.98% | | TSLA | 475.05 | -23.27 | -4.67% | | AAL | 13.10 | +0.05 | +0.38% | |
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September is picking up right where August left off. The Dow Jones Industrial Average, S&P 500 and Nasdaq Composite kicked off the new month with solid gains, building on Wall Street's best August performance in more than three decades. The Dow rallied more than 200 points while the S&P 500 and Nasdaq hit record highs. September has historically been a tough month for the market. Data compiled by the Stock Trader's Almanac shows the Dow and S&P 500 average losses of 0.7% and 0.5%, respectively, in September. To be sure, both the Dow and S&P 500 have posted gains for the month in each of the previous three years.  Tech continued to show its dominance of the market, with Apple rallying another 4% as analysts hiked their price targets on the iPhone maker. Facebook, Amazon and Alphabet also rose on Tuesday. Walmart was a major contributor to the day's gains, surging 6.3% after the retailer announced that the launch of its new membership service, Walmart+, will happen later this month. Sentiment was also lifted by stronger-than-expected manufacturing data from the Institute for Supply Management. The group's manufacturing PMI jumped to its highest level in 19 months as new orders in the sector hit their highest level since 2004. Note: PRO subscribers are invited to join a live discussion on Sept. 2 with Walter Price of Allianz, whose funds have been among the top performers in the tech space over the long term. RSVP here and submit your questions here. |
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