Investors piled into the "big name" technology stocks, which offset concerns about next week's US election result being disputed, as well as surging COVID-19 cases in the United States and Europe.
"It's a big day in technology today in anticipation of their results," said Tim Ghriskey, chief investment strategist at Inverness Counsel in New York."We think that's helping to fuel today's rally in anticipation of positive surprises from these companies."Investor sentiment was also fuelled by the latest economic data, which showed the US economy grew at its fastest pace ever in the September quarter.
It helped that the US Government has pumped more than $US3 trillion worth of pandemic aid into the economy, which lifted consumer spending. These latest GDP figures are the last major economic scorecard before next week's presidential election.
But this morning you said it will fall...
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