Tech propels Nasdaq to record; bank, health stocks weigh on S&P [Reuters]
AK STEEL HOLDINGS (AKS)
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Source: Reuters
Tech propels Nasdaq to record; bank, health stocks weigh on S&P | Reuters 3 Min Read (Reuters) - Strong gains in tech heavyweights lifted the Nasdaq to a record intra-day high on Tuesday, while declines in financial and healthcare stocks weighed on the S&P 500 and Dow. The so-called FAANG stocks — Facebook, Amazon, Apple, Netflix and Alphabet — rose between 0.3 percent and 1.9 percent, helping the S&P technology index rise 0.3 percent. The gains come after Nasdaq closed at a record high on Monday, adding to the upbeat sentiment since Friday’s job data. However, investors were still wary about trade discussions after White House economic adviser Larry Kudlow said President Donald Trump may seek separate talks with Canada and Mexico in a bid to get individual trade deals with the two countries. Mexico imposed wide-ranging tariffs on American products ranging from steel to pork and bourbon on Tuesday, responding to Trump’s metals tariffs. Shares of U.S. food companies Kellogg and General
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