Tuesday, 26 May 2020
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S&P 500, Nasdaq close at records in tech-led stock rally

U.S. stocks ended higher Wednesday, with the S&P 500 and Nasdaq Composite each posting a record finish in a tech-led rally as investors looked past China's COVID-19 outbreak.

The Dow Jones Industrial Average rose around 115 points, or 0.4%, to finish near 29,348, according to preliminary figures, while the S&P 500 advanced nearly 16 points, or 0.5%, to close near 3,386. The Nasdaq Composite ended near 9,817, up around 84 points, or 0.9%.

Shares of Apple Inc. which weighed on the Dow in Tuesday's session after it warned the viral outbreak would hamper production of iPhones and demand for its products in China, rose 1.4% on Wednesday.

Source : MarketWatch

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