Provided by Dow Jones
By Caitlin Ostroff and Gunjan Banerji The S&P 500 edged higher and headed toward a big weekly gain that would mark its longest winning streak since October. The broad stock market index rose about 0.2% Friday after closing Thursday at its 19th all-time high for 2021. The benchmark is on track to notch gains for a third straight week for the first time in nearly six months. The Nasdaq Composite added around 0.1%. The Dow Jones Industrial Average gained about 70 points, or 0.2%. The S&P 500 and Nasdaq are on track to gain at least 2% a piece this week, while the Dow is on track for a 1.3% weekly rise.
Stocks Rise, Led by Tech Shares morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
Provided by Dow Jones
By Joe Wallace U.S. stock futures ticked higher Thursday, signaling gains for technology stocks at the start of the second quarter ahead of a flurry of economic data. Futures for the S&P 500 edged up 0.4% after the broad stocks gauge closed out a fourth consecutive quarterly advance on Wednesday. Contracts for the tech-focused Nasdaq-100 rose over 1%. Many investors are hopeful that stocks will continue to climb in the second quarter, aided by the prospect of a surge in economic growth as vaccinations become widespread and fresh spending programs from the Biden administration. Still, they point to risks stemming from rising bond yields, new lockdowns in Europe and signs of excess in corners in the market.
By Joe Wallace U.S. stocks resumed a familiar pattern Thursday, with tech shares rising sharply and outpacing the rest of the market. The Nasdaq Composite rose 1.7%, following a 1.5% gain on Wednesday. The S&P 500 was up 0.8%, after the broad stocks gauge closed out a fourth consecutive quarterly advance on Wednesday, while the Dow Jones Industrial Average was up 0.2%. Many investors are hopeful that stocks will continue to climb in the second quarter. Their optimism is pegged to the prospect of a surge in economic growth amid widespread vaccinations and fresh spending programs from the Biden administration. Still, they point to risks stemming from rising bond yields, new lockdowns in Europe and signs of excess in corners of the market.
Tech Stocks on Track to Extend Winning Streak morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.