Tech Stocks take Nasdaq to new high as broader market stall on still grim job data

News Highlights: Tech Stocks take Nasdaq to new high as broader market stall on still grim job data

Topline

The broader market has largely been muted on Thursday morning after closing record highs on President Joe Biden’s inauguration day, but technology giants continue to rally and earnings are still soaring despite new job data hinting at a still struggling labor market.

Jeff Bezos, Amazon founder and CEO. Shares are up 2% on Thursday, pushing the … [+] stock back near record highs from September as the broader market held its own.

© 2018 Bloomberg Finance LP

Main Facts

Shortly after the market opened, the Dow Jones Industrial Average and S&P 500 fell about 0.1% after closing at record highs on Wednesday, while the Nasdaq, which also hit a new all-time high, rose 0.2%.

A slew of regional bank holding companies, including Fifth Third Bancorp, Key Corp and TCF Financial, continued to deliver strong gains for the financial sector – albeit also driven by reduced loan loss …

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