The Dow closed at 35,120.08, up 225.96, helped by rising technology stocks.
Today (August 21), the Dow Jones Industrial Average closed higher last night (August 20) on the back of higher tech stocks. But the Dow continued to close in a negative this week amid fears that The US Federal Reserve (Fed) may begin tightening monetary policy earlier than expected.
The Dow Jones Industrial Average closed at 35,120.08, up 225.96, or +0.65%, the S&P 500 closed at 4,441.67, an increase of 35.87, or +0.81%, and the Nasdaq closed at 14,714.66, an increase of 172.88, or +1.19%. this The Dow was down 1.1%, while the S&P500 and Nasdaq were down 0.6% and 0.7%, respectively.
All 11 stocks of the S&P 500 index closed higher, with technology and utilities the biggest gains.
Investors buy technology stocks. And growth stocks were driven by lower US Treasury yields this week. because investors are worried COVID-19 epidemic May affect the economic recovery longer than expected.
Microsoft, Cisco and Salesforce stocks The most improved While the chip stocks also rose. Nvidia shares closed up 5.1%.
Tesla shares are up 1% after the launch of the chip and plans to build a humanoid robot.
Bristol-Myers Squibb shares were up 1% after the U.S. Food and Drug Administration (FDA) approved the company’s cancer drug Opdivo.
In addition, Chinese tech stocks also rose. After falling in the past due to China’s tightening regulatory measures. Tencent Music Entertainment Group, Titi Global and iQIYI shares rose 1.6-3.7 percent.