MTS Help Center

S&P 500 rises to new record as Big Tech stocks gain

The S&P 500 rose to a fresh record on Wednesday as investors poured back into trusty mega-cap technology stocks.

Defying many predictions, the 10-year Treasury yield fell as low as 1.296% on Wednesday.

The S&P 500 advanced 0.34% to an all-time high of 4,358.13 after the index ended a seven-day winning streak in the previous session. The Dow Jones Industrial Average rose 104.42 points to 34,681.79. The technology-heavy Nasdaq Composite closed flat at 14,665.06 despite hitting a fresh intraday record shortly after the open.

 

European stocks close higher on improving euro zone outlook; Wise climbs in London debut

European stocks closed higher on Wednesday as fresh data showed an improving economic outlook in the euro zone.

The pan-European Stoxx 600 ended the session up 0.8%, with basic resources adding 2.3% to lead gains while travel and leisure stocks bucked the upward trend to slump 1.5% on lingering fears over the fast-spreading Covid delta variant.

The European Commission hiked its growth forecasts for the euro area on Wednesday, now projecting a 4.8% GDP growth rate this year and 4.5% for 2022. The EU’s executive arm had previously expected a 4.3% growth rate for the 19-member bloc in 2021, followed by 4.4% in 2022.

 

Asia-Pacific stocks mixed; Chinese tech stocks in Hong Kong fall amid regulatory fears

 

Shares in Asia-Pacific were mixed in Thursday morning trade, as Chinese tech stocks in Hong Kong came under pressure after regulatory fears resurfaced.

Reference: CNBC