Subtitles section Play video Print subtitles The Dow hit a record high and the S and P 500 climbed Wednesday as lawmakers approved one of the largest stimulus measures in U. S. History. Earlier, government data show that core consumer prices rose less than expected last month, easing investor concerns about inflation. Treasury yields inch lower, but that failed to deliver a big boost to tech stocks. The blue chip Dow closed 1.5% higher and the S and P 500 rose more than half percent. But the NASDAQ lost all of its early gains in choppy trading to end flat. Gerber Kawasaki CEO Ross Gerber says investors rotation away from tech stocks has more room to run. Many people are overweight technology and and you know their fervent, you know, technology fans. Um so there's some time still to go. I think in this rotation, especially when you look at valuations of some of the tech stocks which are really high. Mean stock mania intensified as shares a video game retailer Gamestop soared as much as 41% triggering multiple trading halts before paring its gains to close 7% higher. Headphone maker costs jumped nearly 70% retail investors believe Americans will use some of their stimulus cheque money to buy stocks, especially meme stocks promoted on social media platforms. Roadblocks made a splashy debut. Shares of the online gaming platform, popular among kids, jumped 54% valuing the company at roughly $42 billion. Shares of GE fell 5%. The conglomerate is combining its aircraft leasing business with that of Irish rival Air Cap in a deal worth more than $30 billion.
B2 dow tech inflation rotation stimulus jumped Dow hits record as inflation fears recede 5 1 林宜悉 posted on 2021/03/11 More Share Save Report Video vocabulary