Tech stocks lead Wall Street surge

Tech stocks lead Wall Street surge

On Wednesday, the S&P 500 as well as the Nasdaq reached record maximums for the fourth straight session in a surge led by technology businesses because market sentiment was backed by optimism over everlasting trade talks.

Apple Inc led the technology sector's jump because the iPhone maker's equities reached an all-time maximum. The sector pushed all three key American indexes up.

Besides this, the FAANG group of momentum equities was also boosted by Morgan Stanley's price target leaps for as well as Alphabet Inc. The remaining FAANG equities, Netflix Inc and Facebook dived a bit.

The Commerce Department uncovered its second reading of second-quarter GDP, disclosing that the American economy rallied at an upwardly-updated annual rate of about 4.2% in the quarter, which is its best performance for almost four years.

Moreover, the Dow Jones Industrial Average rallied by 0.21% hitting 26,119.37. As for the S&P 500, it managed to jump by 0.49% showing 2,911.83. The Nasdaq Composite soared by 0.84% coming up with 8,097.58.

Of the 11 key sectors of the S&P 500, 7 found themselves in positive territory. As for the largest percentage profits, they were observed in the consumer discretionary as well as technology sectors.

By the way, consumer discretionary equities were boosted by's 3% jump.

Restaurant operator Yum China Holdings Inc managed to extend its surge. It added 5.2% having rejected a $17.6 billion buy-out bid from China’s consortium.

The equities of American Eagle Outfitters Inc went down by 7% having posted gloomy second quarter outcomes.

As for other specialty apparel retailers, they inched down too.

On the NYSE, advancing issues managed to outclass diving ones by a 1.68-to-1 ratio.

The S&P 500 reported 58 fresh 52-week maximums as well as 1 fresh minimum. The Nasdaq Composite demonstrated 101 fresh maximums and 20 new minimums.




Apple event surprised traders
Apple event surprised traders

Every year in early autumn Apple holds its event where it presents new iPhones, Apple Watches, and iPads. This year wasn’t an exclusion. But yesterday’s presentation didn’t result in Apple stock growth, and here’s why.

Latest news

US Dollar Index at a 3-month Low
US Dollar Index at a 3-month Low

The USD weakened after Fed Chair Powell hinted at a slowdown of rate hikes, and stocks strengthened. What else is moving the markets today?

Soon Bullish Rally for Gold
Soon Bullish Rally for Gold

The winter is coming, and risky markets expect a rally to come with it. Will this December be bullish for stocks, crypto, and gold? A pack of news will surely help you out.

Deposit with your local payment systems

Feel the Team Spirit

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera