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Dow and S&P hit record highs behind tech rally, positive job data

Dow and S&P hit record highs behind tech rally, positive job data

Business
April 5 (UPI) -- U.S. markets hit record highs on Monday amid a continued tech rally and positive job growth data. The Dow Jones Industrial Average climbed 373.98 points, or 1.13%, to a record 33,527.19, while the S&P 500 gained 1.44% to close at a new high of 4,077.91. The Nasdaq Composite also increased 1.67%. Advertisement Google's parent company, Alphabet, helped lead the sustained rise in tech stocks gaining 4.19%, while Facebook increased 3.43%, Microsoft climbed 2.77% and Apple rose 2.36%. Tesla stock also increased 4.43% on Monday while chipmaker intel gained 3.08%. Markets also responded to the Labor Department reporting that the U.S. economy added 916,000 jobs in March, beating many analysts' expectations of about 850,000. Stocks that would benefit from the widespread liftin...

Record highs are justified because a booming economy is months away, market bull Ed Yardeni predicts

Finance
Long-time Wall Street bull Ed Yardeni believes the market's all-time highs are justified.Despite a record number of coronavirus cases and concerns surrounding the November jobs report, he maintains a "V"-shaped recovery is underway."I really wasn't that disappointed," the Yardeni Research president told CNBC's "Trading Nation" on Friday. "Government had a drop of almost 100,000 [payrolls] because census workers just had part-time jobs. Excluding that, we were up over 300,000. Wages were up, and the workweek held up pretty well."According to Yardeni, the latest employment figures suggest the first quarter will avoid a double-dip recession. He predicts the economy will start booming by Spring when readily available vaccines result in pent-up demand for services that were avoided du...
Watch: Twice shows highs, lows in ‘Seize the Light’ special trailer

Watch: Twice shows highs, lows in ‘Seize the Light’ special trailer

Entertainment
April 16 (UPI) -- South Korean girl group Twice is giving a glimpse of its Twice: Seize the Light docuseries. The K-pop stars shared a special trailer for the new YouTube Originals series Thursday. The emotional preview shows highs and lows from Twice's time as a group. The trailer alludes to Mina's hiatus from the group. "Sacrifice... and overcoming the unexpected. How 9 became one as Twice," text in the video reads. Twice released an official trailer for the docuseries Monday featuring behind-the-scenes footage and performances from its 2019 Twicelights world tour. The series explores the successes and challenges that Twice experienced during the tour. The Twicelights tour started in Seoul in May 2019 and ended in Japan in February. The tour was Twice's first to include North American ...
Stocks look to reclaim their all-time highs in the week ahead

Stocks look to reclaim their all-time highs in the week ahead

Finance
Stocks will look to build on their strong recent momentum and reclaim their record highs next week amid a slew of economic data while trade war fears decrease.The S&P 500 is about 1.6% from an intraday record reached on July 26 after notching back-to-back weekly gains. The broad index is up 1.8% this past week after surging 2.8% in the last week of August.Wall Street's move toward all-time highs comes as recent U.S. economic data suggests a recession may not be in the cards, and the Federal Reserve is expected to cut interest rates later this month. Easing fears around the U.S.-China trade war are also lifting investor sentiment. If the data remains solid, Fed rate cut expectations stay high and U.S.-China trade tensions lower, the market could climb back to all-time highs."You cannot ...

Strong GDP Helps S&P, NASDAQ Back to New Highs

Finance
[unable to retrieve full-text content]Two of the major indices go into the weekend with record closing highs after a strong GDP print amid a better than expected earnings season Stocks started the session in the red despite the solid economic data but you can t keep a good market down By the closing bell the S amp P managed Latest Articles in