Stock market news for August 6, 2020
August 7, 2020
Stock market news
“U.S. stocks rose Thursday as the number of Americans applying for unemployment benefits came in below expectations.
The tech-heavy Nasdaq closed at a record high, increasing 1%, or 109.67 points, to 11108.07 in its fourth consecutive record close and continuing the strong run of technology giants this year. The S&P 500 rose 0.6%, or 21.39 points, to 3349.16 and the Dow Jones Industrial Average added 185.46 points, or 0.7%, to 27386.98.”