NEW YORK, Nov 4 — The S&P 500 and the Nasdaq indexes hit a record high today, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve’s first steps to begin paring its pandemic-era support. Shares of Qualcomm Inc jumped 12.6 per cent after the...
NEW YORK, Nov 4 — The S&P 500 and the Nasdaq indexes hit a record high today, propped up by a slew of stellar earnings reports and as investors shrugged off the Federal Reserve’s first steps to begin paring its pandemic-era support.
Big banks including JPMorgan Chase & Co and Bank of America slipped more than 1 per cent, while the S&P 500 banks sub-index fell 1.7 per cent. Data showed the number of Americans filing new claims for unemployment benefits fell to a fresh 19-month low last week, suggesting the economy was regaining momentum. It will be followed by a more comprehensive nonfarm payrolls report on Friday.
Tesla Inc added 1.3 per cent to scale new heights, while other mega-cap technology titans Google-owner Alphabet Inc, Apple Inc, Amazon.com and Meta Platforms also edged higher.
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