S&P 500 closes at record high as Apple, healthcare stocks help shrug off Delta worries | Malay Mail

KUALA LUMPUR, Aug 4 — The S&P 500 index closed at record high on Tuesday on gains in Apple and healthcare stocks, despite concerns over a surge in the Delta variant of the coronavirus taking some shine off an upbeat corporate earnings season.

Apple Inc rose 1.26 per cent after sliding last week. Other heavyweight technology stocks, including Netflix Inc, Tesla Inc and Facebook Inc, continued to edge lower, capping gains on the tech-heavy Nasdaq. Later in the week, focus will shift to data on the US services sector and the monthly jobs report for July.

Overall, earnings at S&P 500 firms are estimated to have climbed about 90 per cent in the second quarter versus forecasts of 65.4 per cent at the start of July, according to IBES data from Refinitiv.

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