Dow And S&P 500 End Higher On Switch Out Of Tech
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2020-08-11 HKT 04:37
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The Nasdaq, which has been hitting record highs, was dragged lower by Microsoft Corp, Amazon.com Inc and Facebook Inc.
The Dow Jones Industrial Average rose 1.3 percent to 27,791.44, the S&P 500 gained 0.27 percent to 3,360.47 and the Nasdaq Composite dropped 0.39 percent to 10,968.36.
Providing some support, U.S. President Donald Trump signed executive orders that partly restored enhanced unemployment benefits after talks between the White House and top Democrats in Congress about fresh stimulus broke down last week.
US Treasury Secretary Steven Mnuchin, in an interview with CNBC on Monday, said the Trump administration and Congress could reach an agreement as soon as this week if Democrats are "reasonable." (Reuters)
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