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Indonesia News Portal for Traders | Financial & Business Updates

10 September 2024 20:55  |

S&P 500 Rises for a Second Day as Investors Buy Tech Stocks on The Dip

The S&P 500 edged higher on Tuesday, along with the Nasdaq Composite, as investors scooped up tech shares following a recent dip and investors tried to regain their footing after a tough September start.

The broad market index advanced 0.4%, while the Nasdaq climbed 0.6%. The Dow Jones Industrial Average slipped 61 points, or 0.1%.

Nvidia and Amazon  gained 2.2% and 1.8%, respectively. Microsoft  shares added 1%. Cloud platform company Oracle  surged 10% after posting fiscal first-quarter results that topped expectations and announcing a partnership with Amazon Web Services to provide database services.

Tech stocks have been struggling recently, with the Technology Select Sector SPDR Fund (XLK) losing more than 7% this quarter.

Source : CNBC

 

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