Business Standard

Sunday, December 22, 2024 | 10:27 AM ISTEN Hindi

Notification Icon
userprofile IconSearch

Wall Street update: Tech, energy stocks drive S&P 500 to record high

Weekly jobless claims fall; Netflix hits record high

Wall Street
Premium

Photo: Shutterstock

Reuters
The S&P 500 hit a record high on Thursday, boosted by gains in heavyweight technology and energy companies, as well as on hopes that the Federal Reserve will maintain an accommodative policy amid signs that economic recovery was slowing.

The energy sector rose 2.9% to lead early gains with oil majors Exxon Mobil, Chevron Corp,
 
Schlumberger NV and Occidental Petroleum gaining between 2.2% and 5.1% as they tracked higher crude prices.
Netflix Inc jumped 1.9% to hit a record high, while Apple Inc, Amazon.com Inc and Microsoft gained between 0.2% and 0.8%, driving the tech-heavy Nasdaq to a life high.

On the data

Disclaimer: No Business Standard Journalist was involved in creation of this content

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in