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Published on 7 Oct 2021 on Zacks via Yahoo Finance

Stock Market News for Oct 7, 2021


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Wall Street closed higher on Wednesday after a choppy trading session. Progress on government debt ceiling deal and better-than-expected private payrolls bolstered market participants’ confidence. All three major stock indexes ended in green.

How Did The Benchmarks Perform?

The Dow Jones Industrial Average (DJI) rose 0.3% or 102.37 points to close at 34,416.99. Notably, 20 components of the 30-stock index ended in the green while 10 in red. At its session low, the blue-chip index was down more than 450 points. This marked the index’s best intraday come back since Dec 21. Moreover, the tech-heavy Nasdaq Composite finished at 14,501.91, gaining 0.4% due to strong performance by large-cap technology stocks.

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