S&P 500 rises to an all-time high as tech shares lead, Dow gains 150 points
Wednesday, 19 February 2020 23:56 WIB | MARKET UPDATE |Saham AS

The S&P 500 and Nasdaq Composite rose to record highs on Wednesday as tech shares outperformed while investors continued to weigh the coronavirus™ impact on the global economy.

The broad index traded 0.6% higher, breaking above a previous all-time high of 3,385.09, while the Nasdaq gained 0.9%. Meanwhile, the Dow Jones Industrial Average was up 150 points, or 0.5%

Apple shares contributed to the gains, trading 1.6% higher. The Technology Select Sector SPDR ETF (XLK) -- which tracks the S&P 500 tech sector -- gained more than 1% to hit an all-time high. Tesla, meanwhile, jumped more than 9% after an analyst at Piper Sandler hiked his price target on the electric car maker to $928 per share from $729 per share. Tesla shares blew past the analyst™s price target, trading around $941 per share.

Source: CNBC

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