๐ฐ Dow briefly tops 53,000 for first time as Nasdaq surges 1.2% โ Wall Street roars back from July 4th
The first trading day after Independence Day is looking bullish: the Nasdaq Composite is up ~1.2% mid-morning, the S&P 500 is up ~0.7%, and the Dow Jones briefly crossed 53,000 for the first time ever. Megacap tech and AI names are leading the charge with over 55% of NYSE issues advancing. This week also kicks off Q2 2026 earnings season โ the real test comes when the big banks report later this week. Is 53,000 on the Dow a new base or a level to fade? Not financial advice.
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