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Caution Is in the Air Despite Tech Gains

Nasdaq hits another record high
By Newser Editors and Wire Services
Posted Jul 8, 2020 3:40 PM CDT

(Newser) – US stock indexes drifted higher on Wednesday, as more gains for big tech companies helped make up for weakness elsewhere across Wall Street, the AP reports. Treasury yields and oil prices were also holding relatively steady. But caution still hung over markets, as gold nudged toward its highest price since 2011. The majority of stocks in the S&P 500 were higher, with several financial stocks and commercial discretionary companies notching the biggest gains. The S&P 500 rose 24.62 points, or 0.8%, to 3,169.94. The Dow Jones Industrial Average gained 177.10 points, or 0.7%, to 26,067.28. The Nasdaq composite climbed 148.61 points, or 1.4%, to 10,492.50, a record high. (Read more Wall Street stories.)

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