- Title: Tech stock rally sends S&P and Nasdaq to record highs
- Date: 28th June 2021
- Summary: NEW YORK, NEW YORK, UNITED STATES (JUNE 28, 2021) (REUTERS VIA SKYPE) (SOUNDBITE) (English) KRAMER CAPITAL RESEARCH, CHIEF INVESTMENT OFFICER, HILARY KRAMER, SAYING: "We are confirming right now with the S&P that the Dow is up because industrials were up, energy was up, had a big run. So the S&P is much more representative of the overall market versus the Dow. So as long as you see the S&P and Nasdaq hitting new highs and as long as I recognize and those of us who are studying the market see the diversity of stocks being invested in, right, as it spans everything from e-commerce to biotech to new areas that are emerging, there is enough diversity out there to show that there's some real strength in the market. It's not just about one particular area."
- Embargoed: 12th July 2021 21:08
- Keywords: COVID-19 Dow Jones Nasdaq S&P 500 Wall Street coronavirus equities index indices markets shares stocks trading vaccine
- Location: NEW YORK, NEW YORK, UNITED STATES
- City: NEW YORK, NEW YORK, UNITED STATES
- Country: USA
- Topics: Economic Events,Equities Markets,United States
- Reuters ID: LVA002EJBI2IV
- Aspect Ratio: 16:9
- Story Text: The Nasdaq and S&P 500 headed to all-time highs on Monday (June 28), fueled by tech stocks as interest rates remain low, while investors awaited data on the U.S. labor market due on Friday (July 2).
The Dow Jones Industrial Average fell 150.57 points, or 0.44%, to 34,283.27, the S&P 500 gained 9.91 points, or 0.23%, to 4,290.61, and the Nasdaq Composite added 140.12 points, or 0.98%, to 14,500.51.
(Production: Aleksandra Michalska, Conway Gittens, Hyeongmi Kim) - Copyright Holder: REUTERS
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