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.

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Global stocks shrug off fresh virus wave fears, dollar slipsA recovery in world stocks faltered on Monday as the threat of rising coronavirus infections in parts of Europe and the United States curbed risk ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Tech stocks lift Wall Street as worries over rising virus cases mountThe S&P 500 and Dow Jones indexes were largely flat on Monday as investors weighed the implications of rising coronavirus infections for business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Wall Street flat as virus cases rise; tech stocks advanceThe S&P 500 and Dow Jones indexes were largely flat on Monday as investors weighed the implications of rising coronavirus infections for business ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »