Nasdaq closes above 11k for first time as tech-related stocks rally

9

New York, Aug 7 | US stocks rose on Thursday with the Nasdaq closing above the 11,000 mark for the first time, bolstered by strong gains in tech-related shares.

The Dow Jones Industrial Average increased 185.46 points, or 0.68 per cent, to 27,386.98. The S&P 500 climbed 21.39 points, or 0.64 per cent, to 3,349.16. The Nasdaq Composite Index advanced 109.67 points, or 1 per cent, to 11,108.07, Xinhua reported.

Shares of major US tech giants, the so-called FAANG group of Facebook, Apple, Amazon, Netflix and Google-parent Alphabet, all finished higher.

Of the 11 primary S&P 500 sectors, communication services and technology rallied 2.45 per cent and 1.46 per cent, respectively, outpacing the rest. Energy dropped 0.71 per cent, the worst-performing group.

Meanwhile, US-listed Chinese companies traded mostly lower, with six of the top 10 stocks by weight in the S&P US Listed China 50 index ending the day on a downbeat note.

The moves came after data showed nearly 1.19 million Americans applied for unemployment benefits last week, compared with a Dow Jones estimate of 1.423 million.

US initial jobless claims, a rough way to gauge layoffs, came in at 1.186 million in the week ending August 1, following an upward revised 1.435 million in the prior week, the Department of Labor reported on Thursday.

The latest figure marked the 20th straight week that new claims topped 1 million as the pandemic forced furloughs and layoffs across the nation.

Wall Street also paid close attention to talks on a US coronavirus relief package.

Source: IANS

Sponsors Posts

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

From being a developer to a CEO in California, Manthan Dudeja's top tips to make money while you're still in college

Gone are the days when one had to finish school, college and subsequent years in getting trained to be able to sustain oneself with decent income. Today, what you earn eventually depends upon your skillset and how early you got started to build an expertise in your domain.

Manthan Dudeja, who currently lives in California and is still in his graduation years, understood the perks of starting early and is now a CEO who has worked across a plethora of jobs, from IoS programming to website development and blogging to trying his hand at Amazon Associates.

In conversation with this dynamic entrepreneur, let’s decode the various options for freshers to make a side income while they are still in school/college –

  • Content writer/Editor

Manthan explains how he started off by writing for blogs with whatever knowledge he had and with the help of internet, this could be by either writing for your own online blog, for instance Manthan was interested in Tech, so he was writing for his blog ‘TechCrack‘ or for someone else in the capacity of a content writer.

It’s not difficult to get started if you have the basic understanding to develop a ‘flow’ while writing a piece and the skill to write what suits your target audience.

  • Software developers/ Programmers/ Coders – Today, software/app developers are earning more than the average of $60 an hour by working remotely. There are a host of online paid/free platforms providing trainings to acquire such skills, Manthan has been an app/website developer for the longest time and by far, this skill has given him the best results for his work.
  • Digital Marketer/ E-Marketer-

Your journey to become a digital marketer starts the day you take the step of self-educating yourself and learning the tricks to attract potential customers either by way of Google, Facebook, or any other digital platform by a host of scalable ways on the internet, undoubtedly, digital marketing is the hottest online work from home concept of this decade.

Manthan is today a successful digital marketer who has equipped himself with the advanced knowledge of online ads on various mediums and has effectively used these skills to generate incredible revenue over time.

These are some of the best ways to get started, according to Manthan, all

 

Sponsors Posts

2 BHK Residential Apartment for Sale in Aadhya Hills Bhita Jabalpur

2 BHK Residential Apartment for Sale in Aadhya Hills Bhita Jabalpur
Aadhya Hills is one of the residential development. It offers spacious and skillfully designed apartments. The project is well equipped with all modern amenities to facilitate the needs of the residents.
  • Property type: Residential Apartment 
  • Offer type: For Sale 
  • City: Jabalpur 
  • Zip Code: 482001 
  • Locality: Bhita 
  • Landmark: Bhita 
  • RERA Registration Number: P-JBP-18-1599 

For more details please click here or visit bhaskarproperty.com

LEAVE A REPLY

Please enter your comment!
Please enter your name here