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Wall St. Powered Higher by Tech, Amazon Results

2017-10-28 0 Dailymotion

Wall St. Powered Higher by Tech, Amazon Results<br />NEW YORK — Wall Street climbed on Friday as a surge in the tech sector<br />and a rally in Amazon shares helped push the Nasdaq to its best day in nearly a year.<br />The Dow Jones Industrial Average rose 33.33 points, or 0.14 percent, to 23,434.19, the S&P 500 gained 20.67 points, or 0.81 percent, to 2,581.07<br />and the Nasdaq Composite added 144.49 points, or 2.2 percent, to 6,701.26.<br />The index notched its best day since March 1, 2016, and is up nearly 35 percent on the year versus the 15 percent gain in the S&P 500.<br />Amazon, up 13.22 percent, was responsible for the biggest boost to the S&P 500 after reporting a quarterly sales surge.<br />Jack Ablin said that Anyone who is drawing parallels to the tech bubble of 1999 has to at least consider<br />that this rally in those large names is really fueled in large part by earnings, not just hope,

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