Technology leads US stocks to contrast despite stimulus hopes


07/21 23:43

US stocks varied at the end of Tuesday’s session, after losses of technology stocks, amid optimism that Washington will launch a new round of stimulus measures to enhance the economy’s recovery from the recession resulting from the Corona virus pandemic.

The indices of Standard & Poor’s 500 Index and the Dow Jones Industrial Average on the Wall Street rose at the end of trading on Tuesday, as investors switched to the sensitive stocks of the economic cycle.

Shares in the financial, industrial and energy sectors gave the biggest boost to the S&P 500 and Dow Jones, while losses in technology stocks drove the Nasdaq down.

The Dow Jones Industrial Average ended the trading session, up 159.53 points, or 0.6%, to 26,840.40 points

The Standard & Poor’s 500 Index added 5.46 points, or 0.17%, to close at 3,257.30 points.

The Nasdaq Composite Index closed 86.73 points, or 0.81%, to 10,680.36 points.

Republicans in the US Congress announced plans to seek additional $ 1 trillion in economic aid.

European Union leaders reached a historic agreement in the early hours of Tuesday morning after a summit that lasted about 5 days.


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