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US: Nasdaq ends at another record, extending stocks rally

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[NEW YORK] The Nasdaq jumped to another record on Tuesday as investors embraced improving economic data and shrugged off large coronavirus case increases in many parts of the United States. Read more at The Business Times.

Cases are also increasing in Florida, where Governor Ron DeSantis said bars and restaurants that violate social distancing rules risk losing their liquor licenses, according to local media.

Last week, Apple announced that it was re-closing 11 stores in four states that have seen jumps in Covid-19 cases. Art Hogan, chief market strategist at National Securities, said the market is"fragile," with investors watching if more companies follow Apple and close down again.Apple had another good session, winning 2.1 per cent following a series of technology announcements Monday, including that it plans to build its own chips.

Spirit AeroSystems, a supplier to the Boeing 737 MAX, plunged 13.3 per cent as it warned regulators it could violate its agreements with creditors as it grapples with the grounding of the airplane and the coronavirus pandemic.For daily updates on weekdays and specially selected content for the weekend. Subscribe to

 

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