Snapshot: S&P 500 sets record as tech stocks rise


Tech led the S&P 500 to a record closing high. Tech stocks on other indexes rose, too: Apple, the biggest Nasdaq stock, surged 3%. On the Dow, Microsoft and IBM were among top performers, up more than 2% each. Earlier this month, tech stocks lagged on concern about weak business spending and slower overseas sales. The Dow is just 46 below its record high, hit April 11. Stocks have now regained all ground lost over two weeks of worries about slower growth, falling commodity prices, and quarterly earnings. Two reports encouraged investors: Wages and spending rose last month, and pending home sales hit a three-year high.

Loading comments...
Real journalists. Real journalism. Subscribe to The Boston Globe today.
We hope you've enjoyed your free articles.
Continue reading by subscribing to for just 99¢.
 Already a member? Log in Home
Subscriber Log In

We hope you've enjoyed your 5 free articles'

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of
Marketing image of