Stock market today: Wall Street tacks on some more gains following its best week of the year

Stock market today: Wall Street tacks on some more gains following its best week of the year NEW YORK (AP) — Stocks closed higher, tacking on some more gains following Wall Street’s best week of the year. The S&P 500 rose 1% Monday, coming within 1.1% of the all-time high it reached last month.

The Dow Jones Industrial Average rose 0. Stan Choe, The Associated Press Aug 19, 2024 1:06 PM Aug 19, 2024 1:35 PM Share by Email Share on Facebook Share on X Share on LinkedIn Print Share via Text Message FILE - Robert Moran, left, works with fellow traders on the floor of the New York Stock Exchange, Friday, Aug. 16, 2024.

(AP Photo/Richard Drew, File) NEW YORK (AP) — Stocks closed higher, tacking on some more gains following Wall Street’s best week of the year. The S&P 500 rose 1% Monday, coming within 1.1% of the all-time high it reached last month.

The Dow Jones Industrial Average rose 0.6%, and the Nasdaq composite added 1.4%.

Treasury yields eased a bit ahead of a speech on Friday from Federal Reserve Chair Jerome Powell, which will likely be the highlight of the week. Almost everyone expects the Fed to cut rates at its next meeting in September, but Powell could give hints on how many cuts will come and how quickly. THIS IS A BREAKING NEWS UPDATE.

AP’s earlier story follows below. NEW YORK (AP) — U.S.

stocks are ticking higher Monday as Wall Street’s roller coaster of a summer levels out a bit. The S&P 500 was 0.7% higher in afternoon trading, coming off its best .