365NEWSX
365NEWSX
Subscribe

Welcome

US STOCKS-S&P 500, Dow hit new highs; Big Tech struggles ahead of earnings - Reuters

US STOCKS-S&P 500, Dow hit new highs; Big Tech struggles ahead of earnings - Reuters

US STOCKS-S&P 500, Dow hit new highs; Big Tech struggles ahead of earnings - Reuters
Oct 25, 2021 54 secs

* Indexes up: Dow 0.15%, S&P 0.47%, Nasdaq 0.80% (Adds comment, details; updates prices to early afternoon).

Oct 25 (Reuters) - The S&P 500 hit a record high on Monday, led by Tesla and Paypal, while industrial bellwethers Caterpillar and 3M lifted the Dow to a new peak in the run-up to quarterly reports from big U.S.

Tesla provided the biggest boost to the S&P 500 and the Nasdaq, followed by PayPal Inc, which added 4.1% after the payments company scrapped its plans to buy the digital pinboard site Pinterest Inc for as much as $45 billion.

All the 11 major S&P sectors advanced, with energy and consumer discretionary shares rising the most.

Analysts expect profit at S&P 500 companies to grow 34.8% year-on-year for the third quarter, according to Refinitiv data.

ET, the Dow Jones Industrial Average was up 54.75 points, or 0.15%, at 35,731.77, the S&P 500 was up 21.28 points, or 0.47%, at 4,566.18, and the Nasdaq Composite was up 120.79 points, or 0.80%, at 15,210.99

The S&P index recorded 74 new 52-week highs and two new lows, while the Nasdaq recorded 135 new highs and 75 new lows

Summarized by 365NEWSX ROBOTS

RECENT NEWS

SUBSCRIBE

Get monthly updates and free resources.

CONNECT WITH US

© Copyright 2024 365NEWSX - All RIGHTS RESERVED