Stocks rise as tech rallies amid falling yields, Nasdaq closes more than 1% higher

  • 📰 CNBC
  • ⏱ Reading Time:
  • 52 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 72%

Business News News

Business Business Latest News,Business Business Headlines

U.S. stocks jumped on Monday led by technology shares as investors flocked back into growth names amid falling bond yields. The Dow inched up 0.31%. The S&P 500 rose 0.70%. The Nasdaq surged 1.23%.

U.S. stocks jumped on Monday led by technology shares as investors flocked back into growth names amid declining bond yields.

Shares of Tesla added 2.3% as rates fell and as Cathie Wood's Ark Invest put out a new price target on the stock which calls for it to. Apple, Microsoft and Netflix all gained at least 2%, while Amazon and Facebook climbed more than 1% each. "After the reopening exuberance fades and interest rates level off, investors will rotate back into large cap technology stocks with strong free cash flow, recurring revenues and increasing user penetration," said Richard Saperstein, chief investment officer at Treasury Partners.President Joe Biden is eyeing an infrastructure deal with as much as $3 trillion spending to boost the economy.

Still, optimism about the markets and the economic recovery has been growing as vaccines roll out across the country, with the pace of Americans getting shots climbing in recent weeks.showed the Covid vaccine developed by AstraZeneca and the University of Oxford is 79% effective in preventing symptomatic illness and 100% effective against severe disease and hospitalization.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

robtfrank fmjakechoi gazua

robtfrank Does everybody else change the channel when either of these guys comes on?

robtfrank The two worst things about CNBC

robtfrank ENJIN coin

robtfrank I would by the NFT on Joe Kernan's brain for like $5!

robtfrank Lol just buy everything. Lol nft gold, silver, stocks, oil, $$, house... things only go up in value. Lol

robtfrank Tell me when there is a Climate Chaos NFT!

robtfrank Can we go somewhere today?

robtfrank I actually spent all day researching and looking at NFT’s and some of the art is pretty neat. Don’t know if I’d pay these insane prices though

The bubble is still expanding, as bubbles do and then?

RelistXRP

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS

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.

Nasdaq futures down as spike in yields pressures tech stocksFutures tracking the Nasdaq 100 index fell on Tuesday as a rise in U.S. bond yields hit tech-related stocks and investors bought into undervalued banks and industrial shares that stand to benefit from a re-opening economy. I first had doubts when I registered and invested money in forex trade with marydamron142 but finally I find it real and legit after i was able to withdraw my profit into my bitcoin wallet in just 7 days after my trade expiration. Thank you Ms marydamron142 Biden administration and the American dream 🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦🤦
Source: Reuters - 🏆 2. / 97 Read more »

Nasdaq rises as tech stocks rebound amid declining bond yields, Tesla pops 4%The NFT industry is now worth some $600M and the few startups that trade them are now cashing in for a lot of money. robtfrank reports on the entrepreneurs getting rich off the latest investor craze. robtfrank Signs of a bubble? As if you needed anymore... robtfrank They’re cashing in before the deep levels of fraud and theft are discovered in their marketplaces. robtfrank It looks like TheRoaringKitty has been closing his call options leaving other retail investors holding the bag when $GME collapses. Thoughts jimcramer
Source: CNBC - 🏆 12. / 72 Read more »

U.S. stocks steady on COVID worries; Netflix weighs on NasdaqU.S. stocks were little changed early Wednesday as rising COVID-19 infections around the world contribute to worries over global economic growth, while the...
Source: MarketWatch - 🏆 3. / 97 Read more »

As Nasdaq hits record, these cheap stocks with upside could lead the next leg higherNew for subscribers: As Nasdaq hits record, these cheap stocks with upside could lead the next leg higher. Check out CNBCPro today. Pro 1/8 Solar & Wind are 0 emissions? Each 1 MW of solar farm power requires between 35 to 45 tons of steel, + you need to dig for cadmium, gallium, germanium, etc Make silicon Silicon metal is made from the reaction of silica (SiO2) -
Source: CNBC - 🏆 12. / 72 Read more »