Salesforce brings market some tech mojo
- Stocks are moving higher as technology comes back to the forefront
after a couple of muted session.
- The S&P is up 0.3%, the Dow is rising 0.1% and the Nasdaq is up 0.7%.
- Technology (NYSEARCA:XLK) is climbing, led by soon-to-be-Dow-component
Salesforce, up 18% after a big beat and raise. A new Street-high price
target on Apple from Morgan Stanley also helped.
- Communication Services (NYSEARCA:XLC) is also posting solid gains
thanks to continued strength in Facebook. The other sectors were little
changed or slightly lower.
- Durable goods for July saw a huge headline beat, but non-defense
ex-air orders, more of a proxy for what goes into GDP, rose about in
line with expectations.
- In commodities, spot gold is down 0.3% and crude futures are up 0.3%.
- Interest rates are edging up, with the 10-year Treasury yield at 0.7%.
|Today, 9:32 AM
- Stocks are moving higher as technology comes back to the forefront
after a couple of muted session.
- The S&P is up 0.3%, the Dow is rising 0.1% and the Nasdaq is up 0.7%.
- Technology (NYSEARCA:XLK) is climbing, led by soon-to-be-Dow-component
Salesforce, up 18% after a big beat and raise. A new Street-high price
target on Apple from Morgan Stanley also helped.
- Communication Services (NYSEARCA:XLC) is also posting solid gains
thanks to continued strength in Facebook. The other sectors were little
changed or slightly lower.
- Durable goods for July saw a huge headline beat, but non-defense
ex-air orders, more of a proxy for what goes into GDP, rose about in
line with expectations.
- In commodities, spot gold is down 0.3% and crude futures are up 0.3%.
- Interest rates are edging up, with the 10-year Treasury yield at 0.7%.
|Today, 9:32 AM
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