Wall Street's Nasdaq Hits Record High 11th Day In Row, Pierces 11,000 Points
Mohammad Ali (@ChaudhryMAli88) Published August 07, 2020 | 02:20 AM
NEW YORK (UrduPoint News / Sputnik - 07th August, 2020) Wall Street's tech stocks continued their bull run on Thursday, with the key Nasdaq index hitting record highs for a seventh day in a row and breaking above 11,000 points.
The Nasdaq rose 1 percent, or 11 points, at 11,109 on Thursday.
The Nasdaq is up almost 24 percent for the year, helped by strong quarterly earnings at tech majors such Amazon, microsoft, Apple and Google's Alphabet.
The Dow Jones Industrial Average, the broadest stock indicator on the New York Stock Exchange, closed the day up 0.7 percent at 27,369.� The Dow is down 4 percent on the year.
The S&P 500, a barometer for the top 500 US stocks, settled up 0.6 percent at 3,349. The S&P 500 is up nearly 4 percent on the year.
Recent Stories
Robinson, bowlers help New Zealand go 2-1 up against Pakistan
Shahzeb Chachar to hold khuli kachehri on April 26
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
Tourism must change, mayor says as Venice launches entry fee
Court adjourns Judicial Complex attack case till May 17
Nasreen Noori’s book ‘Popatan Jahra Khwab’ launched
Wafaqi Mohtasib inspection team visits Excise and taxation office
AJLAC announces 5th Conference titled ‘People’s Mandate: Safeguarding Civil ..
Pak-US officials engage to enhance trade, investment ties
IBCC to promote educational excellence, expand regional presence
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leav ..
Putin says plans to visit China in May
More Stories From World
-
Bagnaia and Spanish rivals chase victory at Jerez
1 hour ago -
Russian, Ukrainian strikes kill at least 10 in frontline regions
2 hours ago -
Heatwave amid Israel's aggression in Gaza brings new misery, disease risk
2 hours ago -
Tourism must change, mayor says as Venice launches entry fee
2 hours ago -
Pakistani 'Blue Helmets' serving UN Peacekeeping Mission in DR Congo set to leave after 20 years of ..
3 hours ago -
Putin says plans to visit China in May
3 hours ago
-
US reinstates open internet rules rescinded under Trump
3 hours ago -
Honda announces US$11 bn EV battery and vehicle plant in Canada
3 hours ago -
Portugal marks 50 years of democracy with far right on the rise
3 hours ago -
Oman, UAE deluge 'most likely' linked to climate change: scientists
4 hours ago -
BHP launches $38.8 billion takeover bid for rival Anglo American
4 hours ago -
Saudi oil giant Aramco agrees major FIFA sponsorship deal
4 hours ago