S&P and Nasdaq hit all-time highs as big tech stocks rise

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 0.2 percent. Tech has been on a tear this year, rising 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.

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

Traders work on the floor of the New York Stock Exchange.

Published by INFO JONES

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

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: