The Business Times
business-time-50

US: Megacaps’ rally lifts tech-heavy Nasdaq at open

google-preferred-sourceAdd BT as a preferred source
Published Mon, Mar 18, 2024 · 09:48 PM
    • The Dow Jones Industrial Average rises 112.16 points, or 0.29 per cent, at the open to 38,826.93.
    • The Dow Jones Industrial Average rises 112.16 points, or 0.29 per cent, at the open to 38,826.93. PHOTO: REUTERS

    WALL Street’s main indices opened higher on Monday (Mar 18), with a rally in megacap growth stocks and chipmakers supporting a sharp recovery in the tech-laden Nasdaq ahead of the US Federal Reserve’s meeting this week.

    The Dow Jones Industrial Average rose 112.16 points, or 0.29 per cent, at the open to 38,826.93.

    The S&P 500 opened higher by 37.68 points, or 0.74 per cent, at 5,154.77, while the Nasdaq Composite gained 181.75 points, or 1.14 per cent, to 16,154.92 at the opening bell. REUTERS

    Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.

    US stocks

    Share with us your feedback on BT's products and services

    Feedback

    TRENDING NOW

    Some industry watchers wonder if Orchard Road can hold its own next to competing retail destinations, both global and local.

    What’s wrong with Orchard Road? Experts weigh in on the street’s cachet and its future

    Eugene Lai (left) says that he was sharing a view with Tan Chian Khong that the board needed a refresh and that it was not an explicit direction to resign.

    CSE Global independent director quits after clashes with chairman Eugene Lai over board refresh

    Ryoji Shoda says that his luxury plans will not necessarily come with a price hike.

    Onitsuka Tiger pivots from Asics stripes to tap luxury market

    Singapore also intends to deepen cross-border data flow mechanisms, says Minister for Digital Development and Information Josephine Teo.

    Singapore to advance AI agenda as Asean chair, focus on cross-border data flows, smaller firms

    Latest T-bills Treasury Bills Results & Interest NewsLatest SSB Singapore Savings Bonds NewsLatest COE Certificate of Entitlement News
    Latest Johor-Singapore SEZ NewsLatest BTO Build To Order & Sales of Balance NewsLatest STI Straits Times Index NewsLatest SGX Dividends, Share Price NewsLatest Bonds Market NewsLatest Singapore Stocks To Buy NewsLatest Singapore Economy News
    View More