Wednesday was a good day for the Dow as the index finished up triple digits. Goldman Sachs and IBM contributed the most to gains. Oil also closed at a 2016 high, rising above $49 per barrel. Energy, materials and financials traded more than 1 percent higher.
It’s been the best two day performance for the Dow since the beginning of last month. The Dow is up over 358 points over the last two days.
Despite the recent up tick in the S&P 500, Todd Gordon founder of TradingAnalysis.com told CNBC’s “Trading Nation” this rally is ‘false.’ See more below.
Here are the final numbers from Wednesday, May 25th on Wall Street:
Dow Jones Industrial Average: 17,851.51 (+145.46 / +0.82 %)
NASDAQ: 4,894.89 (+33.83/ +0.70 %)
S&P 500: 2,090.54 (+14.48/ +0.70%)