Nasdaq 100, Amazon, Spotify reach all-time highs

Business | Markets 7/12/2018, 4:08 PM
Nasdaq 100, Amazon, Spotify reach all-time highs

Equities in New York surged on Thursday, following a rise in European exchanges, as United States President Donald Trump struck a conciliatory tone at the summit of the North Atlantic Treaty Organization in Brussels, while traders showed less concern about the escalation of a trade war between the world's two largest economies. Trump still called the dispute with China "nasty" and a "battle," but expressed the desire to have good relationships with all world powers.

The technology sector led the way on the wave of risk appetite, with the Nasdaq 100 rising 0.96% to 7,313.548 points 4:12 pm CET, which topped the previous record high, set on June 20. Amazon.com Inc. was one of the main contributors, also reaching the highest point in history for the first time in three weeks – $1,774.81 per share, just before the benchmark index. The online retailer powerhouse scheduled an extended Prime Day for July 16, with 36 hours for sales and discounts.

The company led by Jeff Bezos, the world's richest man, traded 1.12% higher at $1,774.71 per share. Spotify reached a record high for the second day in a row. It was up 1.92% at 185.86 per share.

Breaking the News / IT

Share:

US Tech 100 I...+0.15%

7,419.12
Chart for: US Tech 100 Index

US SPX 500 In...+0.09%

2,814.42
Chart for: US SPX 500 Index

Amazon.com+1.18%

1,843.9300
Chart for: Amazon.com, Inc.

Spotify Techn...+1.54%

187.05
Chart for: Spotify Technology S.A. Ordinary Shares