November 17, 2021

Nasdaq at record high on a boost from tech stocks

  • Tech rises most among major S&P sectors
  • Boeing falls on possible delay in 777X certification
  • Indexes: Dow down 0.56%, S&P flat, Nasdaq up 0.69%

June 28 (Reuters) – The Nasdaq jumped to an all-time high on Monday, supported by tech-related stocks amid fears over a spike in COVID-19 cases across Asia, while investors awaited data on the U.S. labor market in the week.

Stay-at-home winners including Microsoft Corp (MSFT.O), Apple Inc (AAPL.O), Inc (AMZN.O) and Nvidia Corp (NVDA.O)were among the biggest boosts to the S&P 500 and the Nasdaq.

In contrast, reopening sectors dropped sharply – financials (.SPSY), energy (.SPNY) and airlines (.SPCOMAIR) fell between 1.2% and 3.5%. All major S&P sectors fell, except technology (.SPLRCT) and utilities (.SPLRCU) which gained 1.1% and 0.8%.

The S&P 500 on Friday logged its best weekly performance in 20 following a bipartisan agreement on a…

Read full article here: