Duluth stocks surge as Duluth trading day begins
— U.S. stock indexes have rallied on the day Duluth traded its first day of trading in two years as a trading day began for the Duluth Stock Exchange.
The S&P 500 and the Dow Jones Industrial Average rose about 4.5% to 4,876.05 and 3,908.95, respectively.
Both were above the all-time highs of 4,937.92 set on Jan. 31, 2018.
The Nasdaq Composite gained 1.7% to 5,928.83, while the Russell 2000 rose 1.4% to 2,971.07.
The Dow Jones industrial average gained 1% to 23,858.85.
In the Duluzetoktoktong index, the S&am is up 1.1%, while the MSCI Japan index is up 0.6%.
The SMA is up 3.3%.
The Minneapolis Federal Reserve is predicting the Fed will raise interest rates this year and is raising its benchmark rate to 0.75% for the first time since 2009.
The Minneapolis Fed has been raising its interest rate for three years and said it would consider a rate hike in December.