“Tech has become bullet-proof,” Boston Partners global market research director Mike Mullaney said. Among the biggest decliners on the S&P 500 were cruise ship operators, whose businesses are highly susceptible to consumer sentiment around travel and COVID-19. The S&P 500 on Friday lost 1.52 points, or 0.03 percent, to 4,535.43 and the Dow Jones Industrial Average fell 74.73 points, or 0.21 percent, to 35,369.09. For the week, the S&P rose 0.6 percent, the Dow dipped 0.2 percent and the NASDAQ added 1.6 percent. The S&P 500 posted 50 new 52-week highs and one new low; the NASDAQ Composite recorded 123 new highs and 21 new lows.

Source: Taipei Times September 04, 2021 15:56 UTC