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S&P 500 hits new high by gains in tech stocks after Fed keeps rates low

The benchmark S&P 500 hit a record high on Thursday, helped by gains in tech-related stocks, a day after the Federal Reserve reiterated its pledge to keep interest rates low

Topics
S&P 500 | Tech stocks | US Federal Reserve

Reuters 

Traders work on the floor of the New York Stock Exchange. Photo: Reuters
Photo: Reuters

(Reuters) - The benchmark hit a record high on Thursday, helped by gains in tech-related stocks, a day after the Federal Reserve reiterated its pledge to keep interest rates low until the economic recovery is more secure.

The Dow Jones Industrial Average rose 23.6 points, or 0.07%, at the open to 33,469.89. The rose 10.0 points, or 0.25%, at the open to 4,089.95​, while the Nasdaq Composite rose 108.0 points, or 0.79%, to 13,796.892 at the opening bell.

 

(Reporting by Shivani Kumaresan in Bengaluru; Editing by Arun Koyyur)

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

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First Published: Thu, April 08 2021. 19:30 IST
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