Apple & Healthcare Stocks Push S&P 500 to Highest Levels

 The S&P 500 index hit a record high at the close of trading on Tuesday supported by rising Apple and healthcare stocks.

Concerns over the Delta variant surge in no way deter some corporate earnings from appearing optimistic.

Ten of the 11 S&P indices traded higher with energy stock prices soaring after being hit by a deck due to falling oil prices.

Apple shares jumped 1.26% after experiencing a decline last week and other tech stocks including Netflix, Tesla and Facebook continued to plummet.

The creator of “Grand Theft Auto”, Take-Two Interactive Software suffered a 9.58% decline after obtaining a disappointing sales forecast.

Tightened regulatory assessments in China have given unrest to the global technology sector.

The Dow Jones jumped 278.24 points or 0.8% to 35,116.4, while the S&P rose 35.99 points or 0.82% to 4,423.15 and the Nasdaq added 80.23 or 0.55% to 14,761.30.

Referring to data released on Tuesday, orders at US factories showed a 1.5% increase in June after a 2.3% increase recorded in the previous month.

The focus this week is likely to be more on data on the U.S. services sector and the monthly jobs report for July.

Judging by IBES data from Refinitiv, earnings at the S&P 500 firm are estimated to have jumped around 90% in the second quarter compared to a forecast of 65.4% in early July.

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