Friday, July 30, 2021

Energy, industrials prop up Dow; tech mega-caps slide

The blue-chip Dow rose yesterday as hopes of a COVID-19 vaccine fueled demand for economically-sensitive stocks such as energy and industrials. On the other side, a sell-off in technology heavyweights capped gains of the S&P 500 and the Nasdaq.

The Dow Jones Industrial Average climbed 1.1 percent and the S&P 500 gained 0.6 percent and the Nasdaq Composite index added 0.2 percent.

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