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US Stock Market Indexes Close Higher with Tech Stocks Posting Gains

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According to reports, the three major US stock indexes collectively closed higher, with the Dow up 1.18%, the Nasdaq up 2.48%, the S&P 500 up 1.76%, and large t

US Stock Market Indexes Close Higher with Tech Stocks Posting Gains

According to reports, the three major US stock indexes collectively closed higher, with the Dow up 1.18%, the Nasdaq up 2.48%, the S&P 500 up 1.76%, and large tech stocks generally up.

The three major US stock indexes collectively ended higher, with the S&P 500 index up 1.76%

Analysis based on this information:


The US stock market witnessed a hike on Wednesday, with the three key indexes ending in the green zone. As per reports, the Dow Jones Industrial Average surged 1.18%, the Nasdaq Composite rallied 2.48%, and the S&P 500 gained 1.76%. This growth was primarily due to a boost in large technology stocks that were trading positively.

The Nasdaq Composite advanced the most among all three indices, led by the performance of giant tech firms such as Microsoft, Amazon, and Apple. These three companies occupy a massive share in the Nasdaq Composite index, and investors’ positive outlook on these stocks lifted it by over 2%.

Another notable aspect of the growth was the rise in the small-cap stocks of the Russell 2000 index, which jumped by 2.2%, indicating that the investors are prioritizing the value-based businesses than growth-based enterprises. This preference further pushed the U.S. stock market higher.

Although this rise in stock prices is a clear indication of the stock market recovery, it still remains in the backdrop of the current economic challenges that the country is facing. The majority of these challenges are linked to the Covid-19 pandemic and the impact on the traditional way of doing business.

In conclusion, the US stock market has made significant strides as tech giants posted gains on the Nasdaq and small-cap firms saw growth in the Russell 2000 indices. It wouldn’t be a surprise to see investors increasingly invest in value-based stocks rather than traditional growth-based shares in the coming days.

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