A plastic bull figurine, symbol of the Frankfurt stock exchange is pictured in front of the share price index DAX board at the stock exchange in Frankfurt May 8, 2017. — Reuters pic
Tech shares jumped 2.7 per cent to their highest in more than 19 years, while the chemical sector also starred, adding 3 per cent. Yesterday, data showed that US manufacturing activity sped to a nearly two-year high in August on a surge in new orders, its highest level since November 2018. “We do need to focus on what the numbers are telling us,” said Gregory Perdon, co-chief investment officer at Arbuthnot Latham. “We are trying to cautiously embrace risk, without trying to be foolish about it.”On Tuesday, both the S&P 500 and Nasdaq closed at record, with the technology sector and Apple leading the charge. Tech giants have been among the winners in the emerging recovery.
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