U.S. Treasuries today dropped below 1.7%, thus supporting technology companies’ stock.
As at 7:30 p.m. (MSK), S&P500 index grew 0.7%, with Dow Jones showing a moderate gain of only 0.1%. NASDAQ technology index was among today’s leaders though, with +1.5% gain.
Feeble labor market data has brought hope Federal Reserve will put tightening its monetary policy on hold. That said, quite logically, technologies were among the day’s leaders.
ПодробнееAt the moment, as holidays approach, the investors are mostly building up positions in technologies stocks rather than locking in profits.
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