National Chronicle

US stocks end higher as tech shares lead

New York,  Wall Street’s major averages reversed earlier losses to close higher as the market was bolstered by solid gains in shares of big tech names.

On Monday, the Dow Jones Industrial Average increased 26.07 points, or 0.11 per cent, to 23,749.76. The S&P 500 rose 12.03 points, or 0.42 per cent, to 2,842.74. The Nasdaq Composite Index jumped 105.77 points, or 1.23 per cent, to 8,710.71, Xinhua news agency reported.

Shares of US tech giants, the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all closed higher.

Eight of the 11 primary S&P 500 sectors gained, with energy and technology up 3.7 per cent and 1.4 per cent, respectively, outpacing the rest.

Airline shares slid broadly. Billionaire investor and Berkshire Hathaway Chairman Warren Buffett said Saturday that his conglomerate had sold all of its airline stocks, sending an alarming signal to the US airline industry devastated by the COVID-19 outbreak.


Related posts

Delhi: A severe fire in the grain market, 11 people hospitalize, 15 fire brigade on the spot

Team NC

Fugitive arms dealer Sanjay Bhandari got $4.9 mn from SECL in 2009, bought London property

Team NC

Market Updates Today: Equity indices in red, trim major losses

Team NC

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More