NEW YORK – Big Tech continues to steamroll through the pandemic, but much of the rest of Wall Street is struggling Friday, leaving stock indexes mixed.
The S&P 500 was up 0.4% in late trading after flipping between small gains and losses earlier. The Dow Jones Industrial Average was down 61 points, or 0.2%, at 26,251, as of 3:08 p.m. Eastern time, while strength for tech stocks had the Nasdaq composite up 0.8%.
Despite the modest moves, caution was clearly present across markets as the coronavirus pandemic continues to cloud the economy’s prospects, along with gridlock in Congress that’s holding up more aid for it. The 10-year Treasury yield remains close to its lowest level since it dropped to a record low in March...Read More