After hitting a record high of US$61.86 , shares of Oracle Corp turned lower along with the rest of the technology sector. — Reuters pic
The tech sector posted its fifth decline in six days and biggest weekly percentage decline since March as investors sold companies such as Apple Inc that spearheaded the dramatic rally from coronavirus-driven lows in March. Growth stocks, which include many tech names along with others that have benefited from government-imposed lockdowns such as Amazon.com Inc, also moved lower. In contrast, value names edged up.
Unofficially, the Dow Jones Industrial Average rose 140.75 points, or 0.51 per cent, to 27,675.33, the S&P 500 gained 4.12 points, or 0.12 per cent, to 3,343.31 and the Nasdaq Composite dropped 61.35 points, or 0.56 per cent, to 10,858.24.
Source: Tech Daily Report (techdailyreport.net)
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