The S&P 500 and the Nasdaq hit record highs on Friday as strong monthly payrolls data bolstered confidence in a labor market recovery, but stopped short of sparking fears about sooner-than-expected tapering by the Federal Reserve. After a strong start to the year, the S&P 500 and the Nasdaq began the second half at record levels, with technology , communication services and consumer discretionary sectors among the top boosts on Friday. Tesla Inc rose 0.6% after it posted record vehicle deliveries for the second quarter that also beat Wall Street estimates. Declining issues outnumbered advancers by a 1.2-to-1 ratio on the NYSE and by a 2-to-1 ratio on the Nasdaq. The S&P index recorded 44 new 52-week highs and no new low, while the Nasdaq recorded 61 new highs and 35 new lows.

Source: Mint July 02, 2021 16:07 UTC