UPDATE: The NASDAQ, Elon Musk and Twitter

By Staff Reporters

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The NASDAQ composite booked its best day in more than a week after investors snapped up technology and communications shares on Elon Musk’s disclosure of a large stake in social media platform Twitter Inc. The NASDAQ, Dow industrials and S&P 500 all rose for a second straight trading day.

CITE: https://www.r2library.com/Resource/Title/082610254

What happened:

  • The NASDAQ Composite COMP, +1.90% finished up 271.05 points, or 1.9%, at 14,532.55. That’s the largest daily percentage gain since March 24, 2022, according to Dow Jones Market Data.
  • The Dow Jones Industrial Average DJIA, +0.30% added 103.61 points or 0.3%, closing at 34,921.88.
  • The S&P 500 SPX, +0.81% closed up 36.78 points, or 0.8%, at 4,582.64.

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