US stocks higher as retailer, tech shares gain
Tuesday - June 5, 2018 4:10 am ,
Category : BUSINESS
US stocks higher as retailer, tech shares gain
New York June 5 (IANS) US stocks ended higher as the gains in retailer shares and tech-heavy sectors boosted the market.
The Dow Jones Industrial Average was up 178.48 points or 0.72 per cent to 24 813.69 on Monday. The S&P 500 increased 12.25 points or 0.45 per cent to 2 746.87 Xinhua news agency reported.
The Nasdaq Composite Index increased 52.13 points or 0.69 per cent to 7 606.46.
Several retailers were among the best performers on Wall Street. Shares of Target rose 4.88 per cent while stocks of Kohl s Corporation and Macy s Inc. advanced 4.67 per cent and 4.33 per cent respectively at market closing.
The Nasdaq composite posted a record close on Monday led by shares of Apple and Amazon. Shares of Apple and Amazon gained 0.84 per cent and 1.45 per cent respectively.
Meanwhile shares of Microsoft gained over 0.87 per cent after the software giant announced plans to acquire software developer platform GitHub for $7.5 billion.
The gains of the major index followed a strong session on Friday when the Dow closed 0.90 per cent higher the S&P 500 was up 1.08 percent and the Nasdaq rose 1.51 per cent after the release of the US jobs report.
Experts noted that the better-than-expected job data continued to provide optimism to the market amid geopolitical concerns.
--IANS pgh/
The Dow Jones Industrial Average was up 178.48 points or 0.72 per cent to 24 813.69 on Monday. The S&P 500 increased 12.25 points or 0.45 per cent to 2 746.87 Xinhua news agency reported.
The Nasdaq Composite Index increased 52.13 points or 0.69 per cent to 7 606.46.
Several retailers were among the best performers on Wall Street. Shares of Target rose 4.88 per cent while stocks of Kohl s Corporation and Macy s Inc. advanced 4.67 per cent and 4.33 per cent respectively at market closing.
The Nasdaq composite posted a record close on Monday led by shares of Apple and Amazon. Shares of Apple and Amazon gained 0.84 per cent and 1.45 per cent respectively.
Meanwhile shares of Microsoft gained over 0.87 per cent after the software giant announced plans to acquire software developer platform GitHub for $7.5 billion.
The gains of the major index followed a strong session on Friday when the Dow closed 0.90 per cent higher the S&P 500 was up 1.08 percent and the Nasdaq rose 1.51 per cent after the release of the US jobs report.
Experts noted that the better-than-expected job data continued to provide optimism to the market amid geopolitical concerns.
--IANS pgh/
