Wall Street: Tech stocks lift Nasdaq, banks weigh on S&P 500, Dow Jones

JPMorgan falls, BlackRock gains on strong Q3 earnings; Apple falls after report of lower iPhone production

Wall Street

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The Nasdaq rose on Wednesday as technology stocks returned as market favorites amid concerns about rising inflation, while banking stocks slipped despite strong quarterly results from JPMorgan.
Technology and communication services were among the few gainers among the 11 major S&P sectors.
Mega-caps growth names including Facebook Inc, Inc, Google-parent Alphabet

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)


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First Published: Oct 13 2021 | 8:51 PM IST

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