Tech gains push Nasdaq to post second straight record close

2020-06-23 21:15:00 GMT (Economies.com)
Tech gains push Nasdaq to post second straight record close

US stock indices rose on Tuesday, lifted by President Donald Trump's remarks on the US trade deal with China, and Nasdaq posted its 21st record close this year and the second straight.

 

Data showed today the US services PMI rose to 46.7 points in June vs. 37.5 points in May, and the manufacturing PMI rose to 49.6 points in June vs. 39.8 points in May.

 

US trade adviser Peter Navarro said that the US-China agreement is over, and the White House might abandoned the agreement, but President Trump has denied these statements, and said that the China trade deal is fully intact and his country will continue to live up to the terms of the agreement after signing it in mid-January.

 

To the oil market, West Texas Intermediate crude fell 0.9% to close at $40.37 a barrel, after it hit a high of $41.6 and a low of $39.7.

 

Brent fell 1% to $42.63 a barrel, with a high of $43.9 and a low of $42.2.

 

As for stocks, Dow Jones rose 0.5% or 131 points to close at 26,156, with a day high of 26,314 and a low of 26,105.

 

Nasdaq rose 0.7% or 75 points to its all-time record close of 10,131, after hitting a high of 10,221 and a low of 10,112.

 

S&P 500 added 0.4% or 13 points to 3,131, with today high at 3,154 with a low of 3,127.

 
 
 
  Symbol Last Change Chg.%
1.1246
-0.0031
0.2718%
1.2486
0.0178
1.4462%
Tadawul
7312.24
58.91
0.81%
18.047
0.268
1.507%
40.285
1.510
3.894%
42.80
-0.34
0.79%
1774.730
3.115
0.176%
 
 
US
 
Europe
 
Asia