The Nasdaq surged to an all-time high on Monday, while the S&P 500 approached its own record level, with both indexes lifted by Nvidia and other ...
REUTERS: The Nasdaq surged to an all-time high on Monday, while the S&P 500 approached its own record level, with both indexes lifted by Nvidia and other technology stocks.
"Tech is the only trade," said Jake Dollarhide, chief executive officer of Longbow Asset Management in Tulsa, Oklahoma."Things that were 10 years away on Feb. 18 are here now: Distance learning, seeing your doctor via Zoom, ordering pharmaceuticals via the mail." "Earnings season in general has been much better than expected, but a big part of that is because the expectation has been so low," said Willie Delwiche, investment strategist at Baird in Milwaukee.
Caution is expected to seep into markets ahead of the November U.S. presidential vote, as the election season kicks into higher gear with the Democratic National Convention, which runs Monday through Thursday.
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