The tech-rich Nasdaq, coming off a record-setting Thursday close, climbed 1.6 per cent to 10,367.20, while the broad-based S&P 500 rose 1.3 per cent to 3,172.93. — Reuters pic
About 15 minutes into the trading session, the Dow Jones Industrial Average gained 1.4 per cent to 26,201.01. Markets have shrugged off worrying news about the spike in Covid-19 cases around the country, which has led local authorities to return to more strict controls including requiring masks and obliging some businesses to close down once again.Uber said today it was buying delivery startup Postmates for US$2.65 billion in stock, in a move shaking up the sector, which has seen surging growth during the pandemic.
Uber rose more than four per cent, and Berkshire gained 1.8 per cent while Dominion fell four per cent.