Tech Surge Sends Stock Indexes to Record Highs: Markets Wrap
- Amazon, Alphabet give Nasdaq 100 biggest boost in 20 months
- Euro drops; Catalan turmoil sinks Spanish stocks; oil jumps
Federated CIO Auth Sees Melt Up in Tech Stocks
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Technology shares surged on stellar profit at Amazon.com Inc. and Alphabet Inc., sending the Nasdaq 100 to a record on its biggest gain since March of last year.
The S&P 500 Index also hit a new high, after the U.S. saw its strongest consecutive quarters of growth in gross domestic product in three years. Bonds rose as speculation mounted about the next Federal Reserve chair.