Stocks rose Tuesday as Wall Street closed out its best quarter since 1998.
The S&P 500 gained 1.5%, bringing its gain for the quarter to nearly 20%. That rebound followed a 20% drop in the first three months of the year, the market’s worst quarter since the 2008 financial crisis.
Technology, health care and financial companies powered much of the market’s broad gains Friday. The buying accelerated after a report showed stronger-than-expected improvement in consumer confidence this month.
The S&P 500 gained 47.05 points, or 1.5%, to 3,100.29.
The Dow Jones Industrial Average rose 217.08 points, or 0.9%, to 25,812.88.
The Nasdaq composite climbed 184.61 points, or 1.9%, to 10,058.77.
The Russell 2000 index of small company stocks picked up 20.16 points, or 1.4%, to 1,441.37.
For the week:
The S&P 500 is up 91.24 points, or 3%.
The Dow is up 797.33 points, or 3.2%.
The Nasdaq is up 301.55 points, or 3.1%
The Russell 2000 is up 62.58 points, or 4.5%.
For the year:
The S&P 500 is down 130.49 points, 4%.
The Dow is down 2,725.56 points, or 9.6%.
The Nasdaq is up 1,086.16 points, or 12.1%.
The Russell 2000 is down 227.10 points, or 13.6%.
8 5G Stocks to Own in 2020
To understand 5G is to understand that the “G” stands for generation. Like the previous generations that came before it, 5G promises to enhance the way consumers and businesses experience the internet. Yes, 5G will certainly deliver faster connection speeds. But I wouldn’t be nearly as excited about this technology if it simply meant I could download a movie in seconds instead of minutes.
Where 5G offers the most intriguing benefit is in the way it promises to enhance our increasingly connected future. Autonomous cars, industrial automation, augmented reality (AR) and virtual reality (VR) will all be transformed by the increased speed and reduced latency of a 5G network.
One of the exciting aspects of 5G is the many ways investors can profit. There is an infrastructure being built to support the roll-out of this technology. It can’t just use the existing cell phone towers. There are also chips that have to be created to support mobile devices. The 5G revolution will also benefit software providers. And then, of course, there are the wireless providers who will be introducing 5G phones and tablets sometime in 2020.
Here’s the rub. The build-out of a 5G infrastructure is behind schedule. And some industry experts are suggesting the real growth from 5G may not come until 2021. But there’s no question that the infrastructure is being built now. And we’ve selected some stocks that look like they don’t already have the growth of the stock factored in.
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