The S&P 500 hit a record high on Tuesday, thanks largely to months of outperformance from Amazon and other heavyweight technology companies viewed by investors as likely to emerge from the coronavirus crisis stronger than smaller rivals.
), all involved in developing and selling therapies for the coronavirus, have risen over 50% since the S&P 500’s previous record high in February.
The information technology index .SPLRCT has jumped 25% year to date, lifted by Microsoft, Apple, Mastercard and other companies seeing stronger demand for their products and services as people staying at home do more shopping online.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
S&P 500 closes 0.1% from record high after climbing on tech-sector strength | Markets InsiderUS stocks climbed on Monday as investors weighed fresh capital injections from the People's Bank of China. The central bank added 700 billion yu...
Read more »
Gains for tech stocks nudge S&P 500 even closer to recordApproaching record highs, markets seem to be banking on Democrats and Republicans coming to a deal on economic relief.
Read more »
Stocks Open Higher, With S&P 500 Closing In On New Record HighThe market opened slightly higher to start the new week.
Read more »
What to watch today: S&P 500 takes aim again at February's record closeU.S. stock futures are steady Monday, with the S&P 500 less than 1% away from its Feb. 19 record close.
Read more »
Goldman sees S&P 500 surging to 3,600 by end-2020A potential COVID-19 vaccine and bets of an economic rebound in 2021 will lift the S&P 500 to 3,600 by the end of the year, Goldman Sachs said, bumping its target for the index by 20% as it trades within striking distance of a record high.
Read more »
Arizona-made electric car to get 500-plus miles on single charge, manufacturer saysLucid Motors said it has received independent verification that its luxury Air will receive 517 miles on one charge, which would make the sedan the longest-range electric vehicle to date.
Read more »