You are here: Home » International » News » Markets
Business Standard

Technology stocks boost Wall Street to hit fresh records

Of the S&P 500 companies, 55 are expected to report this week


Major Wall Street indexes hit fresh records at the open on Monday on gains in financial and technology stocks even as investors awaited a barrage of earnings reports this week. Apple gained 1.05 percent, providing the biggest boost to the Nasdaq and the S&P after KeyBanc upgraded the stock to "overweight". Financial stocks gained for the first time in four days, led by bank stocks. Reactions to bank results last week were muted on concerns about credit card losses at JPMorgan and Citigroup and weak trading activity across the sector. Investment banks Goldman Sachs ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Mon, October 16 2017. 20:21 IST