Nasdaq soars as tech stocks lead a market rally - News Summed Up

Nasdaq soars as tech stocks lead a market rally


New York (CNN Business) Wall Street rallied Monday with tech stocks leading the way. The Nasdaq and S&P 500 stand to beat their record closing levels from early September, while the Dow's last record finish was in pre-pandemic times. Software stocks look to be getting out of the rut that dominated tech stocks in September, said Paul Hickey from Bespoke. Citigroup C JPMorgan JPM Otherwise, the Columbus Day holiday on Monday meant a more quiet day in terms of economic news, but third-quarter earnings season is just around the corner. Stocks would likely rally on a stimulus agreement, but so far, after months of negotiations, all we've got was volatility.


Source: CNN October 12, 2020 17:39 UTC



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