Markets

US stocks open higher on tech gains

2020-08-03 14:49:34 GMT (Economies.com)

The major US stock indices rose on Monday, lifted by the tech sector, which pushed Nasdaq to its all-time record.

 

Major tech companies announced better earnings than analysts expected in the second quarter despite the coronavirus pandemic.

 

The CEOs of Amazon, Facebook, Apple and Alphabet appeared last week before the Congress antitrust subcommittee to testify on accusations of monopoly and privacy violations.

 

Market focus will shift during this week to the US monthly jobs report that will be released on Friday, for more cues on the labor market state.

 

As for stocks, Dow Jones rose 0.7% or 230 points to 26,656 as of 14:14 GMT, Nasdaq rose 1.1% or 120 points to 10,867, and S&P 500 added 0.7% or 25 points to 3,295.

Risk Disclaimer : Enzious Limited would like to remind you that the data provided in this site is not necessarily in real time or accurate. All stock prices, indices, futures and foreign exchange rates are not provided by exchanges but by market makers, so prices may not be accurate, may differ from the price of the actual market, which means that the quotes represent an indication and are not suitable for commercial purposes. Therefore Enzious Limited does not assume any responsibility for any business losses that may be incurred as a result of the use of this data.