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The Nasdaq continues to drive US equities

The S&P 500 and Russell 2000 are flat today but the Nasdaq is up another 0.5% in the fifth straight day of gains. Memory and chipmakers are leading the way:WDC +6.6%MU +3.1%AVGO +2.8%INTC +2.2%But Amazon +2% and Shopify +9.6% are other tech companies up big. Salesforce is another big name up 4% after reporting strong earnings.The tech sector is benefiting from lower yields this week as a duration trade while not expressing any kind of worry about a consumer slowdown, including in shares of Apple... Read More

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Posted: Aug 31 2023, 17:46

Author Name: forexlive

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