S&P 500 hits intraday record as chip stocks surge ahead of key earnings, economic data - News Summed Up

S&P 500 hits intraday record as chip stocks surge ahead of key earnings, economic data


A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, US, July 19, 2021. Five of the 11 S&P 500 sectors inched higher, with Technology shares in the lead, gaining 1.5%. Forty-one S&P 500 companies are expected to report results this week, including Bank of America, Citigroup, Johnson & Johnson and Netflix. Year-over-year third-quarter earnings growth for the S&P 500 is estimated at 4.9%, according to data compiled by LSEG on Friday. The S&P 500 posted 32 new 52-week highs and one new low, while the Nasdaq Composite recorded 79 new highs and 36 new lows.


Source: The Express Tribune October 14, 2024 20:32 UTC



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