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Tech stocks surge as Intel, SAP earnings drive S&P 500 and Nasdaq to record highs despite oil prices

Tech stocks surge as Intel, SAP earnings drive S&P 500 and Nasdaq to record highs despite oil prices

Technology stocks drove the S&P 500 and Nasdaq to record highs on Friday, overriding persistent inflation concerns from elevated oil prices as investors focused on stronger-than-expected earnings from Intel and SAP. The S&P 500 rose 0.8 percent to close at a new peak, although the Nasdaq climbed up to 1.9 percent, also marking a record. … Weiterlesen …

Nasdaq and S&P 500 Hit Record Highs as US-Iran Ceasefire Hopes Fuel Rally

Investment banks capitalized on wartime volatility

The Nasdaq Composite surged 1.6 percent to 24,016 points on Wednesday, hitting a fresh record high as investors bet on a diplomatic exit from the conflict with Iran. While the Dow Jones remained nearly flat at 48,464, the S&P 500 climbed 0.8 percent to close at 7,023, marking another all-time peak. This rally reflects a … Weiterlesen …