Stock market gains driven by tech sector dominance.

1 min read
Source: Seeking Alpha
Stock market gains driven by tech sector dominance.
Photo: Seeking Alpha
TL;DR Summary

The Nasdaq Composite, S&P 500, and Dow rose after a decline to start the week, with growth stocks rebounding slightly. The 10-year Treasury yield was higher, and ECB President Christine Lagarde remained hawkish at her Sintra speech. May durable goods orders arrived at +1.7% above the economists expected 1% decline, and the S&P Case Shiller April home price index rose more than expected. The Conference Board's June consumer confidence index came in higher than anticipated, and May new home sales figures surged. Lordstown Motors plunged after filing for Chapter 11.

Share this article

Reading Insights

Total Reads

0

Unique Readers

15

Time Saved

2 min

vs 2 min read

Condensed

77%

39090 words

Want the full story? Read the original article

Read on Seeking Alpha