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MarketWatchAug 12, 2020
Market Snapshot: Dow closes up nearly 300 points and S&P 500 ends a stone's throw from record close as tech reaffirms dominance
Stocks finish higher Wednesday as appetite for technology shares, which had taken a pause from their rally in recent days, resumed amid some signs of a slowdown in the spread of the coronavirus pandemic and stronger-than-expected economic data.

MarketWatch MarketPulseAug 12, 2020
S&P 500 narrowly misses record close by 6 points as stock market bounces back from Tuesday's slump
U.S. stock benchmark finished sharply higher Wednesday, a day after the Dow Jones Industrial Average and the S&P 500 halted a win streak at seven sessions, as investors eyed the trajectory of the coronavirus pandemic and stronger-than-expected economic data. Wednesday's action was marked by a return to the trades that have worked throughout the pandemic, large-capitalization tech stocks and stay-at-home companies, which have lead the rally back from the coronavirus lows in March. The S&P 500 index closed about 6 points shy from a record close, ending at around 3,380, based on preliminary levels. That narrowly misses the Feb. 19 closing high at 3,386.15. The Dow Jones Industrial Average finished up 1.1% at 27,977, also on a preliminary basis. Meanwhile, the technology-laden Nasdaq Composite Index resumed its dominance, which had seemed to fade in recent days, finishing up 2.1% at 11,012. Recently, investors had appeared to shift away from tech names and into beaten-down sectors like financial and energy but that action subsided on Wednesday.

Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.



The Motley FoolAug 12, 2020
S&P 500 Rallies 47 Points on Dem Pick for Vice President, AMD Leads Semiconductor Stocks Higher, Cancelling College Football Looms for Disney
The S&P joined the other major indices to move higher today following yesterday's big announcement by presumptive Democratic presidential nominee Joe Biden that Kamala Harris was joining the ticket.

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