Technology gains drive Nasdaq composite to all-time high

The Dow Jones industrial average rose 178.48 points, or 0.7%, to 24813.69 (Martin Keene/PA)

Technology gains drive Nasdaq composite to all-time high

Independent.ie

US stocks have risen for the second consecutive day with technology companies, retailers and household goods companies in the lead.

https://www.independent.ie/world-news/technology-gains-drive-nasdaq-composite-to-alltime-high-36977794.html

https://www.independent.ie/world-news/article36977792.ece/79315/AUTOCROP/h342/ipanews_8cc0445b-f0e1-46c7-9496-d27a93e94986_1

US stocks have risen for the second consecutive day with technology companies, retailers and household goods companies in the lead.

Indexes of technology companies and smaller, more US-focused companies both hit all-time highs.

Major technology companies including Google’s parent company Alphabet made big gains, while Apple rose as it previewed new features and software updates at its Worldwide Developers Conference.

Microsoft edged higher after it said it will buy the coder platform GitHub, while new privacy concerns weighed on shares of Facebook.

Retailers including Target, Walmart and Under Armour rallied, as did Amazon. Energy companies fell as the price of oil continued to slide.

After an up and down week last week, the S&P 500 index, a market benchmark used by many index funds, is on its first winning streak in three weeks.

Consumer and tech are leading the market today #StraightFromTheFloor pic.twitter.com/jXZHzy1rNE

— NYSE (@NYSE) June 4, 2018

The technology-heavy Nasdaq composite finished at a record high, above a mark it set March 12, while the smaller Russell 2000 surpassed a record it set last week.

Last week investors reacted to political turmoil in Italy and rising trade tensions as the US continued to hold talks with Chinese officials and placed tariffs on steel and aluminium imported from Europe, Mexico and Canada.

Stocks have wobbled in the last few months as investors worried that

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