NASDAQ Marks Record High Close

NASDAQ Marks Record High Close

NASDAQ Marks Record High Close


Wall Street’s 3 major indexes rose Monday, led by a rally in tech stocks, pushing the NASDAQ to a record closing high as investors bet on a continuation of strong economic growth.

Apple (NASDAQ:AAPL) shares rose to their highest ever on investor bets on its annual developers conference and Microsoft (NaSDAQ:MSFT) impressed with an acquisition, pushing the S&P 500 technology index to a record high, while (NASDAQ:AMZN) led consumer stocks higher.

Better-than-expected NFPs (jobs) data for May was Key to investor optimism as traders turned their focus away from recent trade war fears.

There’s momentum from Friday’s job report that’s spilled into Monday’s trading and helped propel stocks higher.

The market is impressed “to see a jobs report so strong late in an economic expansion.

The NAS Comp added 52.13 points, or 0.69%, to reach 7,606.46, a record closing high.

The DJIA rose 178.48 points, or 0.72%, to 24,813.69, the S&P 500 gained 12.25 points, or 0.45%, to 2,746.87.

Overall the HeffX-LTN technical analysis for the US major market indexes is Bullish.

Stay tuned.


The following two tabs change content below.
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Latest posts by HEFFX Australia (see all)