tv video film broadway

Boom Times For Tech Stocks Sends Nasdaq Past 10,000-Point Mark

Reading now: 765
deadline.com

Dade Hayes Finance EditorThe Nasdaq cracked the 10,000-point mark for the first time Tuesday before cooling off to close at 9,953.75, a gain of 29.1 points for the day.Over the past year, the tech-heavy index has climbed 33%, far outpacing economic growth and downright contradicting the bleak picture of unemployment and collapse over the past three months.Apple, Facebook, Microsoft and many other major tech stocks rose Tuesday and have posted year-to-date gains despite the serious blow COVID-19 has dealt to a broader economy that had already been overextended.

Industries like travel, hospitality, restaurants and retail have been devastated and tens of millions of jobs have quickly disappeared.

Read more on deadline.com
The website starsalert.com is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA