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Wall Street reaches more records on more gains by Big Tech
Stocks rallied with chipmakers up to 25.8% and tech giants driving gains as investors await key U.S. jobs reports that could influence Federal Reserve policy.
- On Tuesday, Wall Street rose toward record territory as the S&P 500 sat just below its late-December record, with Nvidia up 1.5% and Micron gaining 7.4%, offsetting Apple’s 0.8% loss.
- Big technology companies and artificial intelligence-focused firms powered much of the market's advance, while investors positioned ahead of December nonfarm payrolls on Friday amid Fed officials' caution.
- Advancing issues outnumbered decliners on both major exchanges, as SanDisk jumped 7.40% and Western Digital gained six percent.
- The Dow sits about 1.9 per cent shy of 50,000 after Monday's record rally, while the two-year Treasury yield hit 3.47% and the 10-year Treasury yield reached 4.18%.
- Following the weekend's geopolitical news, metals hit record prices over the last year with gold up 1% and silver rising 4.6%, while investors positioned ahead of key jobs data.
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The New York Stock Exchange is on the rise on Tuesday, welcoming with cautious optimism news on the technological front, including the semi-conductor giant and the world's first capitalization Nvidia.
·Montreal, Canada
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The Columbian+49 Reposted by 49 other sources
Wall Street rises on Big Tech gains and approaches records
NEW YORK — Stocks rose on Wall Street Tuesday morning and approached more all-time highs.
·Vancouver, United States
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Total News Sources69
Leaning Left21Leaning Right6Center27Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 39%
C 50%
11%
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