The Dow is sporting a triple-digit lead at midday
| 6/29/2021 | | Have you seen our volatility scorecard? Sign up by clicking here! | S&P 500 Hits 4th-Straight Intraday High as Home Prices Surge | By: Fernanda Horner | The major benchmarks are higher this afternoon, after a mixed start to today's session. The Dow Jones Industrial Average (DJI) is 104 points higher at midday, while the tech-heavy Nasdaq Composite (IXIC) hit its second-consecutive intraday high earlier in the session before falling flat by midday. Meanwhile, the S&P 500 Index (SPX) is firmly in the black, after earlier notching its fourth-straight intraday peak. Financial stocks are giving markets a boost today, amid a slew of freshly announced dividend hikes from bank names such as Goldman Sachs (GS) and JP Morgan Chase (JPM). Investors are also eyeing data from the S&P CoreLogic Case-Shiller National Home Price Index showing a 14.6% increase in home prices for April when compared to a year ago. The reading sent several homebuilding stocks, including Lennar (LEN) and PulteGroup (PHM), surging as well. Continue reading for more on today's market, including: - Social media giant hits $1 trillion market cap for the first time.
- Why Goldman Sachs identified General Electric stock as a "top idea."
- Plus, options traders blast BSQR; CERE surges on successful clinical trial; public offering price dampens Better Choice stock.
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