Wall Street rises as Big Tech, financials gain – Reuters
- Date: 15-Oct-2021
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Wall Street rises as Big Tech, financials gain – Reuters
Oct 11 (Reuters) - U.S. stock indexes rose on Monday as growth and financial stocks gained, shrugging off inflation worries in the run up to third-quarter earnings reports from later this week.
Mega-caps Apple Inc (AAPL.O), Tesla Inc (TSLA.O) and Microsoft Corp (MSFT.O) rose between 0.6% and 1%, with nine of the 11 major S&P 500 sector indexes trading higher.
"Investors see the S&P 500 substantially off its all-time high and there's no headline to scare them away from buying, so they're buying like they usually do," said Mike Zigmont, head of research and trading at Harvest Volatility Management in New York.
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