US: Nasdaq ends at fresh record as tech leads stocks up

The Nasdaq powered to a fresh record on Monday, lifted in part by new technology announcements from Apple as investors continue to weigh increased coronavirus cases against lofty stimulus measures.[NEW YORK] The Nasdaq powered to a fresh record on Monday, lifted in part by new technology announcements from Apple as investors continue to weigh increased coronavirus cases against lofty stimulus measures.The broad-based S&P 500 climbed 0.7 per cent to 3,117.

Larger tech companies were generally higher, especially Apple, which piled on 2.6 per cent as it announced that it would build its own chips for its Mac computers. Chief executive Tim Cook said the move represents"a huge leap forward for the Mac," which would get a more powerful and energy-efficient system that operates more like Apple's mobile devices.

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