U.S. stocks climbed Thursday, led by the technology sector, after a strong round of corporate earnings reports. The tech-heavy Nasdaq Composite was up 1.8% in the last hour of trading, and the S&P 500 added 1.0%. The Dow Jones Industrial Average rose 1.0%. Technology stocks led the way after Facebook reported a 63% increase in earnings and its shares jumped 10%. The jump in this stock helped pull the S&P 500's technology sector up 2.4% after a six-session losing streak. A recent lurch higher in 10-year Treasury yields has spurred swings in the stock market in recent months, but some analysts still thinks yields are far from being a real threat to strong equity returns. The US gold price fell overnight by 0.5% to finish at 1,316.30 US$/oz.
Argonaut | The Natural Choice in Resources.
© 2024 Argonaut.