FILE PHOTO: The Nasdaq Market site is seen on the day that shares of Truth Social and Trump Media & Technology Group start trading under the ticker “DJT”, outside the Nasdaq Market site in New York City, U.S., March 26, 2024. REUTERS/Brendan McDermid/File Photo
New York, United States — The Nasdaq powered to a fresh record Monday behind gains by tech giants, shrugging off an increase in US Treasury yields that analysts tied to shifting election expectations.
Shares of Apple, Amazon and Microsoft all posted gains of at least two percent, adding to a buoyant 2024 so far for tech companies.
The tech-rich Nasdaq Composite Index jumped 0.8 percent to 17,879.30.
READ: Nasdaq sets another record as Wall Street wins back earlier losses
The Dow Jones Industrial Average advanced 0.1 percent to 39,169.52, while the broad-based S&P 500 climbed 0.3 percent to 5,475.09.
US bond yields climbed on Monday, a dynamic that typically sees a…
