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Tech stocks take Nasdaq, S&P close to record


Friday, 10 August 2018 00:25 WIB

Standard & Poor's 500Saham AS


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The S&P and the Nasdaq inched towards a record on the back of high-flying technology trio of Apple, Amazon and Microsoft.

The technology sector has been at the center of a sharp recovery in U.S. stocks since a market rout in February. The S&P is also less than half a percent shy of the record it hit in late January.

The tech-heavy index was up 0.33 percent at 7,914.22, a quarter of a percent away from hitting an all-time high.

The Dow Jones Industrial Average .DJI was the only laggard among the three major indexes. It was down 29.07 points, or 0.11 percent, at 25,554.68.

The S&P 500 was up 0.59 points, or 0.02 percent, at 2,858.29.

Seven of the 11 major S&P sectors were higher, with the materials sector  leading the gains as aluminum prices rose.

Source: Reuters


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