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Tech stocks push Nasdaq near record high; Dow closes with very first loss of June


June 9 (UPI)– The Nasdaq Composite reached a record high, sustained by increasing tech stocks, while the other 2 significant U.S. indexes snapped winning streaks with small losses on Tuesday.

The Nasdaq climbed up 29 points, or 0.29 percent, to close at 9,95375 points after reaching 10,000 previously in the session.

After current decreases, tech stocks skyrocketed on Tuesday assisting to move the Nasdaq to its record high. Netflix stock acquired 3.47 percent, Apple grew 3.16 percent, Facebook increased 3.14 percent, Amazon stock climbed up 3.04 percent and Alphabet was up 0.28 percent.

However, after almost 3 weeks of gains, blue chip U.S. stocks lastly took a large hit in early trading on Wall Street Tuesday.

The Dow Jones Industrial Average closed down more than 300 points, or 1.09 percent. The Dow has actually made considerable gains because Memorial Day and hasn’t closed with any loss because May 28.

The S&P 500 ended Tuesday down 25 points, or 0.78 percent.

Airline and cruise line stocks added to the losses Tuesday, providing back a few of the gains they have actually tape-recorded over the previous week. United Airlines stock fell 8.32 percent, Delta stock dropped 7.57 percent, Carnival decreased 7.51 percent and Royal Caribbean moved 6.94 percent.

Tuesday’s decreases followed all 3 markets closed up a minimum of 1 percent on Monday.

Source: UPI

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