Wall Street kickstarts April, record high close for S&P 500 tops 4000, tech stocks lead | Editorji
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Wall Street kickstarts April, record high close for S&P 500 tops 4000, tech stocks lead

Apr 02, 2021 06:57 IST | By Editorji News Desk

Bulls kickstarted April with a record close on Wall Street as S&P500 shut shop above the 4000 mark for the very first time.  The 500 stock gauge is now up 7% in 2021, and has gained 80% from its low in March 2020. 

The tech-heavy Nasdaq Composite jumped 1.8%  as Google parent Alphabet rallied 3%,to a record close while Amazon and Microsoft gained over 2% as bond yields eased from a 14 month high.

On the data front, an index of U.S. manufacturing activity jumped to a reading of 64.7, marking the highest level since December 1983.

U.S. stock markets will close on Good Friday for the holiday. For the shortened week, the S&P 500 rose 1.1%, the Dow gained 0.25% and the Nasdaq added 2.6%.

 

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