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Barchart
Barchart
Rich Asplund

Tech Stock Strength Lifts the Broader Market

The S&P 500 Index ($SPX) (SPY) today is up +0.17%, the Dow Jones Industrials Index ($DOWI) (DIA) is up +0.35%, and the Nasdaq 100 Index ($IUXX) (QQQ) is down -0.16%.

Strength in tech stocks today is lifting the broader market. Alphabet is up more than +5% after it reported stronger-than-expected Q3 revenue late Tuesday.  Also, stronger-than-expected US economic news today bolstered the prospects for a soft landing and was supportive for stocks after Q3 personal consumption rose more than expected, and the Oct ADP employment report showed employers added the most jobs in 15 months. 

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