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S&P 500 rises to an all-time high as tech shares lead, Dow gains 150 points

Wednesday, 19 February 2020 23:56 WIB Saham AS

The S&P 500 and Nasdaq Composite rose to record highs on Wednesday as tech shares outperformed while investors continued to weigh the coronavirus’ impact on the global economy. The broad index traded 0.6% higher, breaking above a previous all-time high of 3,385.09, while the Nasdaq gained 0.9%. Meanwhile, the Dow Jones Industrial Average was up 150 points, or 0.5% Apple shares contributed to the gains, trading 1.6% higher. The Technology Select Sector SPDR ETF (XLK) -- which tracks the S&P 500 tech sector -- gained more than 1% to hit an all-time high. Tesla, meanwhile, jumped more than 9% after an analyst at Piper Sandler hiked his price target on the electric car maker to $928...

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