S&P and Nasdaq Hit All-time Highs as Big Tech Stocks Rise Wall Street remained positive about Fed’s plan to trim balance sheets

U.S. stocks traded higher on Thursday as Wall Street remained positive about the Federal Reserve’s plan to trim its balance sheet, while tech stocks climbed.

The S&P 500 reached an all-time intraday high, rising above its previous record of 2,405.77. Information technology was among the best-performing sectors, rising 0.8 percent. Tech has been on a tear this year, surging more than 19 percent.

The Nasdaq composite also notched a new record, climbing over 6,170.16, as Netflix, Alphabet, and Facebook shares all rose. Amazon also rose, nearing the $1,000 per share mark.

The Dow Jones industrial average, meanwhile, traded about half a percent from its record high, rising 70 points, with UnitedHealth contributing the most gains.

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Published by INFO JONES

"Not sweating the petty things, ...just petting the sweaty things."

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