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More blowout profit from tech companies push S&P 500 higher - Black News Channel

  • Aug 26, 2020
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By Stan Choe, Alex Veiga and Damian J. Troise AP Business Writers More blowout profit reports from big tech companies are pushing the S&P 500 toward another record Wednesday. The benchmark index was up 0.8% in afternoon trading, even though most of the stocks within it were falling. Technology stocks accounted for the lion's share of the gains, outweighing losses in health care, utilities, energy and other sectors. The Dow Jones Industrial Average was up 18 points, or 0.1%, to 28,264, as of 1:51 p.m. Eastern time, and the Nasdaq composite was up 1.6%. Smaller companies were struggling, with the […]

The post More blowout profit from tech companies push S&P 500 higher appeared first on Black News Channel.

Source: Black News Channel - Black News Channel
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