News Formal

Tech stocks fuel Wall Street rally as factory activity expands

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 28 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 66%

Sverige Nyheter Nyheter

Sverige Senaste nytt,Sverige Rubriker

Wall Street climbed on Tuesday as gains in Apple and Zoom Video shares propelled the tech-heavy Nasdaq to record highs, while better-than-expected ...

NEW YORK: The S&P 500 and the Nasdaq hit new highs on Tuesday with technology leading the charge as Apple and Zoom Video soared and better-than-expected U.S. manufacturing sector data fueled optimism about the economic recovery.

"There’s a bit of support from the economic data as far as it improves sentiment for the market but I think today investors are looking at the good earnings we saw coming out of tech," said Veronica Willis, investment strategy analyst at Wells Fargo Investment Institute in St. Louis. While the Nasdaq and the S&P 500 were scaling all-time highs, the blue-chip Dow was still about 3.5per cent below its February peak.Hopes that Senate Republicans will unveil a new coronavirus relief bill next week also helped boost sentiment.

 

Tack för din kommentar. Din kommentar kommer att publiceras efter att ha granskats.
Vi har sammanfattat den här nyheten så att du kan läsa den snabbt. Om du är intresserad av nyheterna kan du läsa hela texten här. Läs mer:

 /  🏆 6. in SE

Sverige Senaste nytt, Sverige Rubriker

Similar News:Du kan också läsa nyheter som liknar den här som vi har samlat in från andra nyhetskällor.

Asian stocks edge lower after Wall Street dips in month-end tradeAsian stocks were set to weaken on Tuesday following a softer Wall Street close while the dollar slipped as markets digested new Federal Reserve ...
Källa: ChannelNewsAsia - 🏆 6. / 66 Läs mer »