US: Nasdaq jumps 2.5% to fresh record as big tech shares soar

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[NEW YORK] The Nasdaq powered to another record Monday behind strong gains by Amazon, Microsoft and other tech giants ahead of earnings reports in the coming days. Read more at The Business Times.

Among other large tech companies, Apple rose 2.1 per cent, Google parent Alphabet 3.3 per cent, Microsoft 4.3 per cent and Tesla 9.5 per cent."Stocks that benefit the most from social distancing and the spreading virus are doing well," said Karl Haeling of LBBW.

US stocks have proven resilient in recent weeks even as spiking coronavirus cases have forced some states to suspend or roll back efforts to reopen their economies.

 

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