Nasdaq Hits Record-High Close on Tech Stock Surge as Dow Soars 178

Nasdaq Hits Record-High Close on Tech Stock Surge as Dow Soars 178

Solid gains in tech stocks drove the Nasdaq to a fresh record Monday as markets shrugged off political turmoil in Europe and a breakdown in trade relations between major economic powers.

Solid gains in blue chips, including retailer Walmart and brewing giant AB-InBev pressed the Dow Jones Industrial Average up 178.48 points (0.72 percent) to 24,813.69.

The broad S&P 500 added 12.25 (0.45 percent) to 2,746.87, while the Nasdaq jumped 52.13 percent (0.69 percent) to 7,606.46. The previous Nasdaq record was 7,588.33 on March 12.

Tech stocks were boosted by Microsoft’s announcement that it will buy software development platform GitHub in a deal worth $7.5 billion.

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