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

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NEW YORK, Aug 22 — The S&P 500 and Nasdaq closed at record highs yesterday, with both lifted by Apple after data pointed to some pockets of strength in the US economy. US business activity snapped back to the highest since early 2019 in August, according to IHS Markit surveys, as companies in...

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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इंडिया ताज़ा खबर, इंडिया मुख्य बातें

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