Tech surge lifts Nasdaq, S&P 500 to record high

 Tech surge lifts Nasdaq, S&P 500 to record high

The New York Stock Exchange is pictured in the Manhattan borough of New York City, New York, U.S., April 16, 2021. REUTERS/Carlo Allegri

  • All eyes on Fed minutes at 2 p.m. ET
  • Financials, energy lead sectoral falls
  • Didi falls as China fines it for illegal merger deals
  • Indexes up: Dow 0.04%, S&P 0.15%, Nasdaq 0.15%

July 7 (Reuters) – The Nasdaq and the S&P 500 hit new highs on Wednesday, helped by a rally in technology-heavy growth stocks, while investors awaited minutes from the Federal Reserve’s meeting after the central bank took a more hawkish tone last month.

Mega-cap technology names Facebook Inc (FB.O), Alphabet Inc (GOOGL.O), Amazon.com Inc (AMZN.O) and Apple Inc (AAPL.O) gained between 0.1% and 1.5%, providing the biggest boost to the S&P 500 (.SPX) and the Nasdaq (.IXIC).

Eight of 11 major S&P sectors rose in early trading, while energy (.SPNY) and financials (.SPSY) extended declines from the previous session.

Wall Street has been…

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