Tag: NASDAQ

Tesla, Align Technology Help Nasdaq Investors Smile

Thanksgiving in 2020 promises to be much different from the way it was in most years, but at least on Wall Street, the holiday mood seems to be working just as well as ever. The stock market came out of the weekend ready to move higher on Monday, and despite some bumps along the road during the day, the Nasdaq Composite (NASDAQINDEX:^IXIC) was up by about a fifth of a percent just minutes before the close.

Some strong trends continued to grip the Nasdaq, helping to support its move higher. Align Technology (NASDAQ:ALGN) made a big pitch to its investors,

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Nasdaq Retreats as Technology Stocks Lose Favor | Investing News

NEW YORK (Reuters) – The Nasdaq closed 1.4% lower and the S&P dipped slightly on Tuesday as investors sold off technology stocks that benefited from virus lockdowns, favoring sectors that have suffered most during the pandemic instead on hopes a COVID-19 vaccine will turn the economy around.

The heavyweight technology <.SPLRCT> and consumer discretionary sectors <.SPLRCD> fell sharply and communication services <.SPLRCL> languished while investors favored small caps and economically sensitive energy <.SPNY> and industrials <.SPLRCI> sectors as well as value stocks in consumer staples <.SPLRCS>.

The main U.S. indexes had hit intraday peaks on Monday after Pfizer Inc said

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Nasdaq Closes Higher With Technology Stocks Back in Favor | Investing News

(Reuters) – The Nasdaq closed up 2% on Wednesday as investors switched back to technology stocks and away from economically sensitive sectors as they weighed COVID-19 vaccine progress against a virus surge and likely timing for a economic rebound.

After falling sharply for two days, the tech-heavy Nasdaq was boosted by “stay-at-home” stocks such as Microsoft and Netflix Inc, which closed up more than 2% and Amazon.com Inc and Apple Inc, which advanced more than 3%.

Monday’s encouraging late-stage coronavirus vaccine trial data had prompted a two-day rotation away from technology stocks into sectors that outperform coming out of a

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5 Stocks in ETF Witnessing a Spike on the Nasdaq Rebound

After a three-day market rout, Wall Street rebounded in trading on Sep 9 as investors jumped in to buy beaten-down tech stocks. The move has pushed the tech-heavy Nasdaq 100 to log its best day since April. The stocks that had plunged the most in the market rout recovered the most.

Concerns about excess purchases of call options tied to the tech sector, delay in the late-stage trial of the leading COVID-19 vaccine from AstraZeneca Plc AZN, election uncertainty and a historically weak September month took a toll on the stocks. Though the combination of these factors will continue to

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Technology-Driven NASDAQ Composite Outshines Mostly Old-School Dow Jones Industrials

The major U.S. equity indexes closed higher last week, led by impressive performances in the energy and technology sectors. Crude oil posted its first back-to-back weekly gain since February, as evidence showed that U.S. oil companies are cutting production faster than expected and as signs of increased demand emerged with the lifting of coronavirus restrictions by some states.

In the cash market last week, the benchmark S&P 500 Index settled at 2929.80, up 99.09 or +3.50%. The blue chip Dow Jones Industrial Average finished at 24331.32, up 607.63 or +2.56% and the technology-based NASDAQ Composite closed at 9121.32, up 516.37

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