Tech stock rally sends S&P and Nasdaq to record highs
- The Nasdaq and S&P 500 hit all-time highs on Monday, fueled by tech stocks as investors expect a robust earnings season while interest rates remain low.Big tech companies including Facebook Inc, Netflix Inc, Twitter Inc and Nvidia Corp were among the biggest boosts to the S&P 500 and the Nasdaq.The S&P 500 continued its recent momentum after paring some earlier losses, recording its third record high in a row, after logging its best weekly performance in 20 weeks last Friday.In contrast, cycl
Boeing, MicroStrategy, Corsair, Federal Reserve: 5 Things You Must Know
Stock futures rise as Wall Street awaits the start of the Fed meeting; the U.S. and the European Union are expected to announce an end to their 17-year-old dispute over aircraft subsidies.Here are five things you must know for Tuesday, June 15:. Stock futures edged higher Tuesday after the S&P 500 set another record on the strength of gains in big technology names such as Apple .Contracts linked to the Dow Jones Industrial Average rose 20 points, S&P 500 futures were up 6 points and Nasdaq futur
NEW YORK, June 11 - The S&P 500 closed nominally higher at the end of a torpid week marked with few market-moving catalysts and persistent concerns over whether current inflation spikes could linger and cause the U.S. Federal Reserve to tighten its dovish policy sooner than expected.Economically sensitive smallcaps and transports notched solid gains, outperforming the broader market.For the week, the S&P and the Nasdaq advanced from last Friday's close, while the Dow posted a weekly loss.But th