Stocks shook off a wobbly start and finished slightly higher on Wall Street, edging major indexes a bit further into record territory.
The S&P 500 managed a gain, with strength in communications and energy companies outweighing weakness in other sectors. Investors are still monitoring a steady flow of corporate earnings and will be on the lookout for clues from the Federal Reserve about when it might start winding down its extraordinary support measures for the economy.
The Fed releases its latest policy statement on Wednesday.
The S&P 500 rose 10.51 points, or 0.2%, to 4,422.30.
The Dow Jones Industrial Average rose 82.76 points, or 0.2%, to 35,144.31.
The Nasdaq rose 3.72 points, or less than 0.1%, to 14,840.71.
The Russell 2000 index of smaller companies rose 7.27 points, or 0.3%, to 2,216.92.
For the year:
The S&P 500 is up 666.23 points, or 17.7%.
The Dow is up 4,537.83 points, or 14.8%.
The Nasdaq is up 1,952.43 points, or 15.1%.
The Russell 2000 is up 242.07 points, or 12.3%.7 Tech Stocks That Will Avoid Government Regulation
As if investing in the tech sector did not carry enough risk, there’s a new threat to the tech part of your portfolio. There is a growing sense that the United States Congress will seek to regulate some of the largest tech companies.
At this point, it looks like several of the FAANG stocks (Facebook, Amazon, Apple, Netflix, and Alphabet/Google) may be the initial targets. Some regulation, particularly regarding data security and privacy – not to mention censorship - would be welcome. But we all know it’s not likely to stop there.
What will more extreme regulation look like? If the most vocal members of Congress hold sway, some of these companies may get broken up or face utility-like regulation. From an investment standpoint, it just adds uncertainty.
The good news is that the tech sector encompasses many companies that are likely to avoid government regulation. With areas like cybersecurity, support for remote work, and mobile gaming to continue to pick up steam, there are other areas that can help boost your portfolio.
And in this special presentation, we’ll give you seven of our picks for tech stocks that will avoid government regulation.
View the "7 Tech Stocks That Will Avoid Government Regulation"