Home United States USA — Financial Nasdaq closes above 11k for first time as tech-related stocks rally

Nasdaq closes above 11k for first time as tech-related stocks rally

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New York, Aug 7 : US stocks rose on Thursday with the Nasdaq closing above the 11,000 mark for the first time, bolstered by strong gains in tech-related
The Dow Jones Industrial Average increased 185.46 points, or 0.68 per cent, to 27,386.98. The S&P 500 climbed 21.39 points, or 0.64 per cent, to 3,349.16. The Nasdaq Composite Index advanced 109.67 points, or 1 per cent, to 11,108.07, Xinhua reported. Shares of major US tech giants, the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all finished higher. Of the 11 primary S&P 500 sectors, communication services and technology rallied 2.

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