More Trump Economy: Big Moves By Some Tech Stocks Help Nasdaq Set Record High

(New York, NY) — A day after the Dow Jones Industrial Average and S&P 500 set record highs, the Nasdaq is doing the same. There was big movement by some tech stocks, such as Slack, which was up as much as 32 percent. There are reports Salesforce is in talks to buy the popular office messaging service. Tech big gains did not help the other two popular indexes, as some investors cashed in after Tuesday’s record highs. On Friday- the Dow Jones fell 174 points to 29-872. The S&P gave up 6 points to 36-30. And the Nasdaq gained 57 points to 12-094.

Salesforce lost five percent on the news, helping the Dow lose ground. Square was close to five percent on news it was purchasing Credit Karma’s tax service. That is part of a deal to allow Intuit to purchase the rest of Credit Karma’s business. PayPal was also up more than four percent as investors buy up financial tech stocks.

Ken Sain Copyright © 2020 TTWN Media Networks Inc.