Tech powers solid gains for week

first_imgThe S&P 500 rose to a new high for the year Friday as resurgent technology stocks closed out their best week in four months with solid gains.Financial, health care and consumer stocks also helped lift the market. The gains erased losses from last week, when the S&P 500 had its worst week of the year. The benchmark index finished at 2,822.48, up 12.6 percent for the year and down 4 percent from the record level set in September.Technology stocks had their best week since November. Apple ended the week with a 7.6 percent gain, its best week since August. Industrial stocks lagged the market Friday.Investors bought bonds after a report on industrial production showed a second consecutive monthly decline in manufacturing in the U.S. That sent the yield on the 10-year Treasury lower. It fell to 2.59 percent from 2.63 late Thursday.Despite the latest gains, global political turmoil, particularly over trade, still weighs on investors, said Katie Nixon, chief investment officer at Northern Trust Wealth Management.last_img read more

SGL Carbon Presents Composite Battery Enclosures For NIO

first_imgThe enclosure made from CFRP is 40% lighter and brings several other benefitsSource: Electric Vehicle Newslast_img