NEW YORK: The Dow and S&P 500 on Tuesday edged to record closing
highs for the second day in a row even as the Nasdaq fell on concerns
technology stocks are overvalued.
The Dow Jones Industrial Average
advanced 19.97 points (0.12 per cent) to 16,715.44, while the S&P
500 added 0.80 points (0.04 per cent) at 1,897.45 after breaching 1,900
for the first time.
But the Nasdaq Composite Index dropped 13.69 points (0.33 per cent) to 4,130.17.
The
Nasdaq has underperformed the other two indices since early March on
worries that tech-sector earnings will not live up to lofty
expectations.
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1 hour ago
No emotional response from STI for today?
ReplyDeleteSTI will give surprises again!!
ReplyDeleteToo much bubble in the stock market for my comfort.
ReplyDeleteBeginning of the end?
Regards,
SG Wealth Builder
www.sgwealthbuilder.com