Tech stocks boost Nasdaq and S&P 500, Dow also higher

Traders working on the floor of the New York Stock Exchange during opening bell on Monday, Aug 21, 2023. – AFPpicThe Nasdaq ended more than 1% higher and the S&P 500 also rose on Monday , with shares of Nvidia jumping as investors were optimistic ahead of its earnings this week, and other technology-related stocks gaining.

The yield on 10-year Treasury notes hit highs last seen during the Great Financial Crisis in 2007 as investors looked warily towards a meeting of central bankers who convene on Thursday at Jackson Hole in Wyoming. Federal Reserve chair Jerome Powell is due to speak on Friday. Nvidia rose 8.5%, leading gains among semiconductor stocks, as HSBC raised its price target on the stock to US$780, the second highest on Wall Street.

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S&P 500, Nasdaq gain as investors await Nvidia earnings, Jackson Hole meetNEW YORK, Aug 21 — The S&P 500 and Nasdaq climbed today as Nvidia shares rose ahead of the chip designer’s earnings this week, with investors also focused on a meeting of...
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CPA Australia: Young Malaysian small business owners drive up tech focus72.2% expect to grow in 2023, compared to 54.6% last year Increasing attention on innovation & technology will support long term growth Malaysian small businesses are upbeat about their business and the economy. Meanwhile, young business owners are driving an increasing focus on technology and innovation in their small businesses. These are some of the findings from a new regional survey by CPA Australia, one of the world’s largest professional accounting associations.
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