Business & Investment

S & P 500: S & P 500 rides Microsoft, Amazon and sets a record of over 4,000

The S & P 500 surged on Thursday, hitting an all-time closing price of over 4,000. is this, Microsoft, Amazon And Alphabet, And optimism about the recovery of the US economy.

Microsoft, Amazon, Alphabet, Nvidia These and other growth stocks are showing signs of awakening after a few weeks delay, as so-called value stocks are expected to outperform as the economy recovers from the coronavirus pandemic, soaring by more than 2%. Did.

The 3.3% rally of Google’s parent company Alphabet hit a record high closing price ever.

Data show that the number of Americans submitting new unemployment allowance claims increased unexpectedly last week. However, according to other data, indicators of manufacturing activity soared to the strongest level in more than 37 years in March, with factory employment the highest since February 2018.

The Dow Jones Industrial Average rose 0.52% to close at 33,153.21 points and the S & P 500 rose 1.18% to 4,019.87.

The Nasdaq Composite Index rose 1.76% to 13,480.11.

According to the latest records, the S & P 500 rose about 7% in 2021 and 80% from its March 2020 low.

S & P 500: S & P 500 rides Microsoft, Amazon and sets a record of over 4,000

https://economictimes.indiatimes.com/markets/stocks/news/sp-500-rides-microsoft-amazon-to-record-close-above-4000/articleshow/81867997.cms S & P 500: S & P 500 rides Microsoft, Amazon and sets a record of over 4,000

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