Tech stocks push S&P 500 to record close, buoy Nasdaq | Malay Mail

US futures initially dropped on the J&J news, but pared losses after the CPI data. Solid demand for yesterday's US Treasuries issue pushed down yields further, highlighting investors’ lack of concern about any imminent bump in interest rates. — AFP picNEW YORK, April 14 — The S&P 500 closed at another record high yesterday and the Nasdaq composite index jumped, as investors shook off concerns about the halt in Johnson & Johnson’s Covid-19 vaccine rollout and strong US inflation.

US futures initially dropped on the J&J news, but pared losses after the CPI data. Solid demand for yesterday's US Treasuries issue pushed down yields further, highlighting investors’ lack of concern about any imminent bump in interest rates. The Dow Jones Industrial Average fell 68.13 points, or 0.2 per cent, to 33,677.27; the S&P 500 gained 13.6 points, or 0.33 per cent, at 4,141.59; and the Nasdaq Composite added 146.10 points, or 1.05 per cent, at 13,996.10.

First-quarter earnings season begins in earnest today, with Goldman Sachs, JPMorgan and Wells Fargo reporting.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

S&P 500, Nasdaq close at record highs ahead of tech earnings wave | Malay MailNEW YORK, April 27 ― The S&P 500 and Nasdaq closed at record highs yesterday, fuelled by Tesla Inc and other heavyweight growth stocks ahead of a deluge of earnings reports this week. The Nasdaq's record high close confirmed the end of an 11 per cent correction in the index that began after...
Source: malaymail - 🏆 1. / 86 Read more »

‘Reopening’ stocks give S&P 500, Dow strong footing, tech names lag | Malay MailNEW YORK, May 4 — The S&P 500 and the Dow indexes ended higher yesterday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued. Economy-sensitive...
Source: malaymail - 🏆 1. / 86 Read more »