Dow Jumps 450 Points As Stocks Continue Record Run

Dow Jumps 450 Points As Stocks Continue Record Run

TOPLINE

The market finished higher on Wednesday as stocks continued their strong start to September, with the S&P 500 and Nasdaq both hitting new records.

Stocks continued their strong start to what is historically a bad month for markets.



Johannes Eisele/AFP via Getty Images

KEY FACTS





The Dow Jones Industrial Average was up 1.6%, over 450 points, on Wednesday, while the S&P 500 rose 1.5% and the tech-heavy Nasdaq Composite 1%.







Private payrolls increased by 428,000 in August“”almost double that of the previous month, but still well below Dow Jones' estimates of 1.17 million, according to ADP.





Mortgage demand for homebuyers rose 28% from