S&P, Dow Hold on to Record Highs, Nasdaq Dips

The S&P 500 and the Dow touched record highs for the second straight day, while the tech-heavy Nasdaq dipped in heavy trading on Friday, largely related to Wall Street’s sector reshuffling and “quadruple witching” expirations.

At 13:06 p.m. ET the Dow Jones Industrial Average was up 76.89 points, or 0.29 percent, at 26,733.87, the S&P 500 was up 3.91 points, or 0.13 percent, at 2,934.66.

Apple will remain in the tech sector , where it will account for 20 percent of the index’s market capitalization, while Amazon will remain a consumer discretionary firm.

Source : Reuters

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Wall Street Set For a Positive Open, Building On Dow Record Thursday Close

U.S. stock index futures posted solid gains ahead of Friday’s open, extending the positive run seen in the previous session on Wall Street.

Around 5:35 a.m. ET, Dow futures rose 55 points, indicating a positive open of 93.02 points. Futures on the S&P 500 were upbeat, indicating an open of 6.05 points, while Nasdaq futures rose, signaling an open of +18.96 points.

The moves in premarket trade came after Wall Street closed Thursday’s session on a strong note, with the Dow soaring just over 250 points to its first record high since January. During Thursday’s session, the S&P 500 also hit an all-time high, its first since August.

Source : CNBC

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Dow, S&P touch record highs on relief from trade concerns

The Dow and the S&P 500 hit record highs on Thursday, clearing away investors’ immediate concerns over trade at the start of this week and leaving Wall Street free to return to a rally that now dates back a decade.

Tech stocks were again at the forefront of gains, led by chipmakers and a 1.1 percent rise in Apple, which has drawn heart from the exclusion of some products from the list of U.S. tariffs on China on Monday.

Nine of the 11 major S&P sectors were higher, and the Dow Industrials, which had lagged the Nasdaq and the S&P, quickly moved back into record territory in morning trade.

The Dow Jones Industrial Average was up 234.42 points, or 0.89 percent, at 26,640.18, the S&P 500 was up 19.10 points, or 0.66 percent, at 2,927.05 and the Nasdaq Composite was up 64.81 points, or 0.82 percent, at 8,014.84.

Chipmakers Intel and Micron rose 1.8 percent and 2.6 percent.

After having slapped new tariffs on each other’s goods this week, China now hopes that Washington will show sincerity and take steps to correct its behavior.

Source: Reuters

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Sumber : bpfnews.com

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