Tesla shares on track for worst day since 2020

News

The S&P 500 eked out its fourth consecutive record high close on Wednesday, helped by several big tech names rising to new peaks.

The blue-chip index ended 0.1 per cent higher with early gains moderating during afternoon trading.

Half a dozen of the index’s biggest companies by market capitalisation closed at record highs. Tech names included Microsoft, which finished just shy of the $3tn valuation it passed earlier in the session, Meta and chipmakers Nvidia and Broadcom.

Outside tech, class A shares of Warren Buffett’s Berkshire Hathaway rose 1.2 per cent to a new peak, while credit card group Visa rode an eight-session winning streak to a new high.

The tech-heavy Nasdaq Composite closed 0.4 per cent higher.

Articles You May Like

Texas water board OKs up to $1.8 billion of revenue bonds
Congestion pricing pause violates state law, NYC comptroller claims
Warren Buffett’s Berkshire trims Bank of America stake for the first time since 2019 after strong rally
Tech reversal pushes US megacaps into correction territory
Where Harris stands on five crucial issues