On Friday, the S&P 500 and the Dow Jones Industrials hit record highs, while the Nasdaq index plunged 1% following weak U.S. jobs data soothing worries about the Federal Reserve decreasing its huge stimulus program.
The jobs report eased concerns about rising inflation and possibly higher U.S. interest rates which would pull on the valuations of growth companies.
A vast majority of the S&P 500 sectors were higher with a 1.3% increase in technology stocks leading the motion.
Financials sank 0.1%, with interest-rate-sensitive shares of lenders Bank of America, JPMorgan Chase & Co, and Citigroup Inc trading lower. The S&P 500 banks division fell 0.4%.
The Dow Jones Industrial Average was up 0.47%, at 34,710.11, the S&P 500 was up 0.79%, at 4,234.75 and the Nasdaq Composite was up 1.28%, at 13,807.64.
Vextrader, an experienced trader in the stock and forex market helped thair investors secure profitable positions following the S&P record high. Recently releasing a stock investment plan, Vextrader is no longer only limited to the forex market. Monitoring the stock market and its changing positions Vextrader investors’ funds are invested into stock portfolios like Google, Amazon, Facebook, Microsoft, etc. In the trading sector, the stock market has produced strong returns to investors over time, investors can rely on the stock market as it allows investors to grow with the market and helps stay ahead of inflation.