Wall Street rises, with technology in the lead again



[ad_1]

Reuters

By Caroline Valetkevitch

NEW YORK, Nov 21 (Reuters) – US stocks rose and indexes hit all-time highs on Tuesday, led by gains in this year's highest-performing technology sector .

The S & P The technology index rose 1.1 percent, helped by Apple. The index has risen 38.5 percent this year, much more than any other sector. The S & P 500 has risen 16.1 percent so far.

With the third quarter earnings season coming down and no important economic data in sight, commercial activity is expected to decline before the Thanksgiving holiday on Thursday.

has been by far the leader, and that is still the case both nationally and internationally, "said Paul Nolte, portfolio manager at Kingsview Asset Management in Chicago.

The Dow Jones industrial index rose 167.86 points, or 0.72 percent, to SS & P 500 gained 17.49 points, or 0.68 percent, to 2,599.63 and the Nasdaq compound added 68.58 points, or 1.01 percent, to 6,859.29.

Urban Outfitters shares gained 3.8 percent. While Hormel Foods rose 3.1 percent, both reported quarterly results.

Signet Jewelers plummeted 30 percent after reporting a surprising quarterly loss, toppling Tiffany by 0.5 percent.

outnumbered the negatives on the New York Stock Exchange by a ratio of 2.24 to 1. On the Nasdaq, a ratio of 2.10 to 1 favored the advances.




Reference symbols:


AAPL


Source link

Leave a Reply

Your email address will not be published.