08/17/2020

S&P 500 Rises Slightly and Makes Another Attempt at New Record

However, the Dow fell

The S&P 500 rose slightly on Monday as the broader market index tried to build on last week’s gain and attempted to break its Feb. 19 record high. 

The index gained 0.3 percent. The Nasdaq Composite advanced 0.7 percent. The Dow Jones Industrial Average lagged, falling 68 points, or about 0.3 percent.

Shares of Alphabet and Microsoft all rose at least 0.3 percent to lead the Nasdaq higher. Amazon, meanwhile, gained 0.4 percent after Reuters reported — citing sources — the e-commerce giant wants a minority stake in cloud company Rackspace Technology. CNBC confirmed the report through a source. Shares of Rackspace advanced more than 13 percent on the news. 

Please select this link to read the complete article from CNBC.