Business Standard

S&P, Nasdaq enjoy boost from big tech firms; Dow Jones dips

The S&P 500 gained 15.01 points, or 0.34%, to 4,486.38 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81

Wall Street, US stocks, S&P, Dow Jones
Premium

Dow Jones Industrial Average fell 35.75 points, or 0.1%, to 35,259.01

Devik Jain, Shreyashi Sanyal | Reuters
The S&P and Nasdaq closed higher on Monday with boosts from the highest-profile technology and communications companies while investors eyed product news from Apple Inc and appeared optimistic about the third-quarter earnings season.

After a weak start following disappointing economic data from China, the S&P and Nasdaq had left their troubles behind by late morning with gains in FAANG stocks - Facebook Inc, Apple, Amazon.com Inc, Netflix Inc, Alphabet Inc's Google - as well as Microsoft Corp.

In technology, Apple jumped higher after it caused a stir with the unveiling new Mac laptop computers with more powerful processor chips.

Facebook shares, under pressure

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