Caution Is in the Air Despite Tech Gains

Nasdaq hits another record high
By Newser Editors and Wire Services
Posted Jul 8, 2020 3:40 PM CDT
Tech Is Making Up for Wall Street Weakness
In this Tuesday, July 7, 2020 file photo, pedestrians wearing protective masks during the coronavirus pandemic pass by the New York Stock Exchange in New York.   (AP Photo/Frank Franklin II, File)

US stock indexes drifted higher on Wednesday, as more gains for big tech companies helped make up for weakness elsewhere across Wall Street, the AP reports. Treasury yields and oil prices were also holding relatively steady. But caution still hung over markets, as gold nudged toward its highest price since 2011. The majority of stocks in the S&P 500 were higher, with several financial stocks and commercial discretionary companies notching the biggest gains. The S&P 500 rose 24.62 points, or 0.8%, to 3,169.94. The Dow Jones Industrial Average gained 177.10 points, or 0.7%, to 26,067.28. The Nasdaq composite climbed 148.61 points, or 1.4%, to 10,492.50, a record high. (More Wall Street stories.)

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