Fresh record closing highs for the S&P500 and Nasdaq following some solid economic data and with Apple Inc rallying over >5% - Dow up +191-points or +0.69%. The broader S&P500 gained +0.34% to 3,397.16, logging its second record close of the week. Information Technology (+1.21%) was comfortably the best performing primary sector, leading seven of the eleven primary sectors higher. Energy (down -0.63%) and Materials (-0.53%) were the key laggards. Delta Air Lines Inc announced plans to resume 50 flights on the international route (including to Tokyo, Seoul, Beijing and Shanghai) this northern hemisphere winter and in 2021 that were suspended due to the COVID-19 pandemic. The technology-centric NASDAQ +0.42% to 11,311.80 and carving out its 36th record close of 2020. Apple Inc (up +5.15%) touched a record intra-day high (US$499.47) and marked its best 4-week performance (up %) since April 2009, according to Dow Jones Market Data. The small capitalisation Russell 2000 index fell -0.8%. Tesla Inc (up +2.41% to US$2,049.98) logged its first close above US$2,000 per share. Since announcing their respective stock splits last month, Apple Inc has gained ~29% and Tesla Inc ~53%.
