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Tuesday, October 20, 2020

Stocks Record Solid Gains As Tech Stocks Lead Rally | Wire

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The shares shrugged off another volatile trading period and closed firmly higher on Friday, driven by gains in tech and healthcare companies. Despite the rally, the S&P 500 still recorded its fourth consecutive weekly loss, prolonging the Wall Street faint in September.

The S&P 500 was up 1.6% after jumping a few times between small gains and losses early on. Shares have been erratic this month, with indices setting new highs earlier in the month and then falling sharply as investors feared that values ​​for some of the tech giants had risen too much.

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