Breaking News: US Stock Market Closes at Record High

Record Closing Price for New York Stock Exchange

Market Continues to Surge Amid Economic Recovery

The US stock market closed at a record high on Friday, May 29th. The Dow Jones Industrial Average (DJIA) gained 246 points to close at 31,871, setting a new all-time high. The S&P 500 also reached a new record, closing at 4,230. The Nasdaq Composite Index rose 1.5% to close at 13,868.

The strong performance of the stock market is being driven by several factors, including the Federal Reserve's continued accommodative monetary policy, strong corporate earnings, and optimism about the economic recovery. The rollout of vaccines for COVID-19 has also boosted investor confidence.

The 52-week range for the DJIA is 19,368 to 31,871. The market closed at 24,609 on May 28th, before the Memorial Day holiday weekend.