Tech leads as US stocks again end higher

NEW YORK - Tech shares led US stocks higher on Tuesday , with Apple launching new products as markets continued to climb back from a two-week slide.The Dow Jones Industrial Average ended up a hair at 27,995.60, while the broad-based S&P 500 gained 0.5 per cent to 3,401.20.

The ebbing of enthusiasm coincided with Apple's event unveiling a new smartwatch and a new subscription service bundling music, news and TV. Apple ended up 0.2 per cent. Markets are looking ahead to a two-day Fed meeting concluding Wednesday with a press conference at which Chair Jay Powell is expected to maintain an accommodative stance.

Business Business Latest News, Business Business Headlines

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

Nvidia acquisition of Arm throws company into tech spat between US and ChinaSHANGHAI: Nvidia Corp's US$40 billion acquisition of chip designer Arm is set to catapult it into the fray of geopolitical tensions between ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Europe: Travel, tech stocks prop up stocks, energy sector takes a hit[BENGALURU] Europe's Stoxx 600 inched higher on Monday as surging travel and technology stocks helped counter losses in the energy sector, with investors focused on Brexit-related developments and central bank actions later this week. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Tech, healthcare mega deals boost virus-stricken M&A marketAfter adapting to working from home in the COVID-19 pandemic, cash-rich technology and healthcare companies have now mastered dealmaking from home.
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »