US STOCKS-Tech stocks extend Wall St rally on stimulus hopes
Wall Street's main indexes rose for a fourth straight session on Monday on optimism that a coronavirus relief package would eventually come around, while investors geared up for the third-quarter corporate earnings season. Technology stocks provided the biggest boost to all three main indexes as Apple Inc jumped 5.3% ahead of a special event on Tuesday, which most analysts believe will be used to unveil the new iPhone with 5G capabilities. The Trump administration on Sunday called on Congress to pass a stripped-down coronavirus relief bill as negotiations on a broader package ran into resistance.
Published:10/12/2020 12:44:17 PM