Tech stocks push S&P 500 to record close, buoy Nasdaq | Malay Mail

US futures initially dropped on the J&J news, but pared losses after the CPI data. Solid demand for yesterday's US Treasuries issue pushed down yields further, highlighting investors’ lack of concern about any imminent bump in interest rates. — AFP picNEW YORK, April 14 — The S&P 500 closed at another record high yesterday and the Nasdaq composite index jumped, as investors shook off concerns about the halt in Johnson & Johnson’s Covid-19 vaccine rollout and strong US inflation.

US futures initially dropped on the J&J news, but pared losses after the CPI data. Solid demand for yesterday's US Treasuries issue pushed down yields further, highlighting investors’ lack of concern about any imminent bump in interest rates. The Dow Jones Industrial Average fell 68.13 points, or 0.2 per cent, to 33,677.27; the S&P 500 gained 13.6 points, or 0.33 per cent, at 4,141.59; and the Nasdaq Composite added 146.10 points, or 1.05 per cent, at 13,996.10.

First-quarter earnings season begins in earnest today, with Goldman Sachs, JPMorgan and Wells Fargo reporting.

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