Nasdaq ends at record as stocks rally ahead of Jackson Hole gathering

Stocks ended higher Monday, with the Nasdaq Composite closing at a record, as investors awaited this week's virtual gathering of global monetary policy makers participating in the Kansas City Fed's annual symposium. The Dow Jones Industrial Average ended with a gain of around 216 points, or 0.6%, near 35,336, according to preliminary figures, while the S&P 500 advanced around 38 points, or 0.9%, to close just shy of its record finish at 4,479.71. The Nasdaq Composite ended near 14,943, rising around 228 points, or 1.5%, to notch a record finish. Fed Chairman Jerome Powell is scheduled to address the event, which had been slated to take place in Jackson Hole, Wyoming, but will now take place online due to health concerns tied to the continued spread of the delta variant of the coronavirus that causes COVID-19. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.

Nasdaq ends at record as stocks rally ahead of Jackson Hole gathering
Stocks ended higher Monday, with the Nasdaq Composite closing at a record, as investors awaited this week's virtual gathering of global monetary policy makers participating in the Kansas City Fed's annual symposium. The Dow Jones Industrial Average ended with a gain of around 216 points, or 0.6%, near 35,336, according to preliminary figures, while the S&P 500 advanced around 38 points, or 0.9%, to close just shy of its record finish at 4,479.71. The Nasdaq Composite ended near 14,943, rising around 228 points, or 1.5%, to notch a record finish. Fed Chairman Jerome Powell is scheduled to address the event, which had been slated to take place in Jackson Hole, Wyoming, but will now take place online due to health concerns tied to the continued spread of the delta variant of the coronavirus that causes COVID-19. Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.