Stocks have a solid start on Wall Street, led by technology

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Technology companies are off to another good start on Wall Street, a day after powering a 3.7% surge in the Nasdaq.

. Investors continue to look toward Washington, where President Joe Biden's stimulus bill is nearly finalized.

Outside of technology stocks, energy companies were also among the biggest gainers, helped by 1% rise in the price of crude oil. Franklin Resources was up 7%, Valero Energy rose 3.4% and Occidental Petroleum was up 2.5%. Bank stocks were also doing well, despite the bond market being stable. The KBW Bank Index of the 24 largest banks was up 1.7%.

Bond yields have been rising sharply over the past month due to rising expectations for growth and the inflation that could follow. The fall in bond prices drew investors who didn't want to pay high prices for stocks, especially tech stocks that looked most expensive.

 

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Yes 39 is 417 or 33. It’s the comedy written into mathematics . Jesus Christ is just “they still don’t get it.” So forgive them father again. Money blinds them like a snake in the bushes.

🤔 but DONNY SAID it all would crash 💥 without him 🧐

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