The S&P 500 Index is showing a continuous run for the past sessions fuelled by tech stocks that are seeing a bullish run even during the pandemic.
Stocks fell leading S&P end its worst week of the year as growing pressure on Europe’s debt markets revitalized concerns about the region’s financial stability. The Dow Jones industrial average and Standard & Poor’s 500-stock index dropped, falling for a third straight day.
An optimistic report on U.S. manufacturing surpassed anxiety about fragile global growth and lifted stocks to multiyear highs. The gain built on the best first quarter for stocks in more than a decade.U.S. stocks and European stocks were slightly tilted on a negative side but managed to rise after the ISM report.
Friday saw a slightly higher opening of U.S. stocks, the final trading day of a strong quarter, as investors hope for some positive economic reports after a disappointing stretch of data.