Nasdaq Composite crossed over 6000 for a first time

26.04.2017 / 01:37

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The Nasdaq Composite raced past 6000, the latest sign that technology companies have become a driving forcein the recent stock-market rally. The index added 0.4% shortly after the beginning of the US market session. S&P 500 rose by 0.3%, and Dow Jones gained 0.7% after a record-breaking good earnings report from Caterpillar.

Major stock indices recovered in the recent sessions as corporate earnings reports showed good profits and stability.

The main winners are Caterpillar and McDonald's with a growth of 6% and 2.6%, respectively.

The calming of global political uncertainty also contributes to stock growth. Macron's success in the first round of the French elections has also a positive influence. In addition, Donald Trump promised to present the new tax policy on Wednesday. Investors hope to hear from Trump that it will reduce corporate tax to 15%.

Source: Bloomberg

Junior Trader Ivan Ivanov

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Nasdaq Composite crossed over 6000 for a first time

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