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Barchart
Barchart
Rich Asplund

S&P 500 and Nasdaq 100 Post Record Highs on Tech Strength

ANd Nasdaq United States SP ARE Jeff Schmid China AMAT Cisco Systems Dow Jones Industrial Average

The S&P 500 Index ($SPX) (SPY) today is up +0.74%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.79%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +0.78%.  June E-mini S&P futures (ESM26) are up +0.71%, and June E-mini Nasdaq futures (NQM26) are up +0.80%.

Stock indexes are pushing higher today, with the S&P 500 and Nasdaq 100 posting new all-time highs.  Strength in technology stocks is supporting gains in the overall market today, led by a +13% jump in Cisco Systems after it raised its full-year revenue and earnings forecast.  Stocks also benefited from the US-China summit in Beijing, where the US and China discussed various issues, including expanding market access for US businesses and purchasing US energy and agricultural products.  Reuters reported that the US and China are weighing a potential framework under which each country identifies about $30 billion in goods on which tariffs could be eased without threatening national security interests. 

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