BR100 Increased By (2.05%)
BR30 Increased By (2.72%)
KSE100 Increased By (2.08%)
KSE30 Increased By (2.21%)
BECO 5.62 Increased By ▲ 0.04 (0.72%)
BML 59.51 Decreased By ▼ -1.71 (-2.79%)
BOP 34.61 Increased By ▲ 0.93 (2.76%)
CNERGY 8.08 No Change ▼ 0.00 (0%)
DCL 12.05 Increased By ▲ 0.41 (3.52%)
FCCL 54.40 Increased By ▲ 2.26 (4.33%)
FCSC 5.52 Decreased By ▼ -0.11 (-1.95%)
FFL 18.05 Increased By ▲ 0.04 (0.22%)
FNEL 1.33 Decreased By ▼ -0.02 (-1.48%)
HUMNL 11.07 Increased By ▲ 0.03 (0.27%)
KEL 8.05 Increased By ▲ 0.21 (2.68%)
KOSM 5.88 Increased By ▲ 0.15 (2.62%)
MLCF 90.52 Increased By ▲ 4.01 (4.64%)
NBP 190.17 Increased By ▲ 5.87 (3.19%)
PACE 11.53 Decreased By ▼ -0.12 (-1.03%)
PAEL 41.07 Increased By ▲ 1.11 (2.78%)
PIAHCLA 25.84 Increased By ▲ 0.17 (0.66%)
PIBTL 17.51 Increased By ▲ 0.24 (1.39%)
PPL 225.84 Increased By ▲ 3.17 (1.42%)
PRL 34.63 Increased By ▲ 0.17 (0.49%)
PTC 64.62 Increased By ▲ 0.88 (1.38%)
SEARL 91.38 Increased By ▲ 0.92 (1.02%)
SSGC 26.97 Increased By ▲ 0.30 (1.12%)
TELE 8.93 Increased By ▲ 0.02 (0.22%)
THCCL 69.16 Increased By ▲ 0.69 (1.01%)
TPLP 10.90 Decreased By ▼ -0.30 (-2.68%)
TREET 24.64 Decreased By ▼ -0.06 (-0.24%)
TRG 69.78 Decreased By ▼ -0.81 (-1.15%)
WAVES 11.16 Increased By ▲ 0.05 (0.45%)
WTL 1.27 No Change ▼ 0.00 (0%)
Markets

US stocks gain as tech shares recover

Published December 5, 2017 Updated December 5, 2017 07:46pm

NEW YORK: Wall Street stocks rose early Tuesday, with technology shares leading the broader market after tumbling in the prior session.

Large tech companies such as Amazon, Facebook and Google-parent Alphabet gained amid bargain hunting after technology shares finished sharply lower Monday as investors steered money into underperforming sectors.

Markets are girding for coming negotiations between House and Senate lawmakers on the long-awaited tax cut plan, as well as major US economic data, including the November jobs report which will be released Friday.

About 15 minutes into trading, the Dow Jones Industrial Average stood at 24,313.14, up 0.1 percent and adding to Monday's record.

The broad-based S&P 500 also edged up 0.1 percent to 2,640.81, while the tech-rich Nasdaq Composite Index advanced 0.4 percent to 6,802.96.

Credit card company Mastercard rose 0.3 percent after boosting its quarterly dividend by 14 percent and announcing a new $4 billion share repurchase program.

Toll Brothers slumped 9.1 percent after the homebuilder reported fourth-quarter earnings of $1.17 per share, two cents shy of analyst expectations.

 

Copyright AFP (Agence France-Press), 2017
 

Comments

Comments are closed for this article.