Tech stocks lift Nasdaq, banks weigh on S&P 500, Dow – Reuters

stocks, inflation, nasdaq, falls,
Middle East

Tech stocks lift Nasdaq, banks weigh on S&P 500, Dow – Reuters

JPMorgan falls, BlackRock gains on strong Q3 earningsApple falls after report of lower iPhone productionIndexes: Dow down 0.33%, S&P flat, Nasdaq up 0.42%

Oct 13 (Reuters) – The Nasdaq rose on Wednesday as investors moved into the perceived safety of technology stocks amid concerns about rising inflation, while a flattening Treasury yield curve hit banking stocks.

A Labor Department report showed consumer prices increased solidly in September, further strengthening the case for interest-rate hike by the Federal Reserve. read more

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