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https://www.forbes.com/sites/jonathanponciano/2020/10/12/tech-stocks-rise-earnings-season/?ss=investing

Dow Jumps 250 Points As Trump Touts Stocks As 'Greatest Leading Indicator Of Them All'

2020-10-12 00:00:00, Jonathan Ponciano, Forbes

Content Categorization
/Business & Industrial
/News/Business News/Financial Markets News

Word Count:
648

Words/Sentence:
31

Reading Time:
4.32 min

Reading Quality:
Adept

Readability:
13th to 15th

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Key Facts

The tech-heavy Nasdaq led gains, closing 2.6% higher on Monday, while the Dow Jones Industrial Average jumped 250 points, or .9%, and the S&P 500 climbed 1.6%.

Topline

Stocks closed slightly higher on Monday after a midday rally-led by tech firms-prompted a tweet-spree from President Donald Trump, who at one point said that the stock market is the "greatest leading indicator of them all!!!"

Outside the tech space, shares of department store Dillard's skyrocketed up 27% after a regulatory filing revealed a private investment from a high-ranking Berkshire Hathaway money manager.

Trump's stock-market lauding came as Wall Street experts lose hope in a coronavirus relief bill before the end of the year and warn that stifling aid could threaten an already sluggish economic recovery.

Tangent

The best-performing sectors this year, as tracked by S&P 500 ETFs through Friday's close, include technology (up 32%), consumer discretionary (up 23%) and communications (up 13%).

Keywords
apple, tech stocks, twitter, opener, twilio, stocks, markets

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