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Oct 5 close · CNBC
The Nasdaq closed at a record as stocks rallied
Monday, October 5: percent change
Index closes
Nasdaq Composite · record close+1.05%
Chip stocks, during the session
Taiwan Semiconductor+2.5%
Our view: Stocks rose after last week's weak jobs report made another rate hike look less likely, and the Nasdaq led. Treasury yields were recently at levels not seen since the early part of the century, so moves like this can reverse.
Full story
The Nasdaq Composite rose 1.05% to 27,477.31, a record close and above its previous high from September 22. The S&P 500 gained 0.66% to 7,773.95, and the Dow added 90.94 points, or 0.18%, to 51,267.90. In Asia, Japan's Nikkei closed 2.40% higher at 69,946.86. During the session, Taiwan Semiconductor rose 2.5% to a 52-week high of $485 after Elon Musk suggested his chip venture would partner with it, while Intel fell 4%.
Read the source →This is a summary of the news, not investment advice. Markets move, and past moves do not predict the next one.
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