S&P 500, Nasdaq end at records after upbeat business surveys | Malay Mail

For the week, the Dow was near unchanged, the S&P 500 rose 0.7 per cent and the Nasdaq added 2.7 per cent. — Reuters pic

Another report showed US home sales rose at a record pace for a second straight month in July and home prices hit all-time highs. Apple Inc rallied over 5 per cent as its market value continued to swell after the most valuable publicly listed company in the world crossed the US$2 trillion milestone this week. The iPhone maker boosted the S&P 500 and Nasdaq more than any other company yesterday.

Investors also worry about a stalemate in talks between House Democrats and the White House over the next coronavirus aid bill as about 28 million Americans continued to collect unemployment checks. During yesterday’s session, the S&P 500 information technology index jumped 1.2 per cent and industrials rose 0.35 per cent. The two were the strongest sectors.

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