Tech Stocks Lead Global Equity Market Rally

Credit: Wochit
Published on May 21, 2019 - Duration: 00:48s

Tech Stocks Lead Global Equity Market Rally

According to Reuters, equity markets around the world are trading up, led by a rally for tech stocks.

On May 21st, MSCI's all-country world stock index rose about six-tenths of a percent.

In Europe, the Stoxx 600 index added about four-tenths of a percent, while the tech sector spiked by 1.5-percent.

On Wall Street, the top three markets on the New York Stock Exchange were trading up about 1-percent each.

The Nasdaq Composite led gains for the markets, adding about 1.3-percent for 96-points.

The Dow Jones Industrial Average rose 185-points, while the S&P 500 gained 27-points.

For the S&P, ten of its top eleven sectors were trading higher, with the tech sector leading gains for the benchmark index.

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