Stocks closed mixed on Wall Street Tuesday as gains from a handful of Big Tech companies were tempered by weakness elsewhere in the market.
Treasury yields fell, which hurt banks but helped tech companies. The S&P 500 rose 0.3%, notching another record high. The Dow Jones Industrial Average slipped 0.2% and the tech-heavy Nasdaq rose 1.1%. Among major tech stocks, Apple gained 2.4%. Johnson & Johnson fell 1.3% after U.S. regulators recommended a pause in using its single-dose COVID-19 vaccine to investigate reports of possibly dangerous blood clots.
The S&P 500 rose 13.60 points, or 0.3%, to 4,141.59.
The Dow Jones Industrial Average fell 68.13 points, or 0.2%, to 33,677.27.
The Nasdaq rose 146.10 points, or 1.1%, to 13,996.10.
The Russell 2000 index of smaller companies fell 4.86 points, or 0.2% to 2,228.92.
For the week:
The S&P 500 is up 12.79 points, or 0.3%.
The Dow is down 123.33 points, or 0.4%.
The Nasdaq is up 95.91 points, or 0.7%.
The Russell 2000 is down 14.55 points, or 0.6%.
For the year:
The S&P 500 is up 385.52 points, or 10.3%.
The Dow is up 3,070.79 points, or 10%.
The Nasdaq is up 1,107.82 points, or 8.6%.
The Russell 2000 is up 254.07 points, or 12.9%.
Featured Article: What is meant by a buy rating?7 Cloud Computing Stocks to Lift Your Portfolio to New Heights
Cloud computing sounds complicated, and it has become more sophisticated as it evolves. However, the basic idea behind the cloud is the same. The “cloud” is a euphemistic term for the delivery of different services via the internet. In its early days, the cloud was used exclusively for data storage. Here’s an easy example of why this was important.
Back when the internet was cutting its teeth, I worked in marketing communications. The need to comply with Total Quality Control Systems (TQCS) for our largest clients meant we had to save every version of our files. Every. Single. One.
Now imagine that you’re producing a 120-page product catalog complete with photos and charts. Your hard drive is burning up just thinking about it. Yet that “data” had to be stored somewhere. And so we had a virtual server farm to try to warehouse all these graphic intensive (and memory sucking) files until we could archive them.
Other than the storage nightmare, consider that it was a pain to work remotely. You could copy a file from the server, but then were you working on the right file? I’m sure at least one person is reading this who remembers this pain.
The cloud takes that away. Cloud computing allows you to store files on a secure, remote server that everyone can access anywhere they have an internet connection. But it’s become so much more than that. Cloud computing now gives businesses a platform from which they can create applications and software. If that sounds confusing, I hope to simplify it in this presentation.
To help you understand which cloud computing stocks, you may want to add to your portfolio, and we’ve created this special presentation. These are seven of the cloud computing stocks that will continue to grow with the sector.
View the "7 Cloud Computing Stocks to Lift Your Portfolio to New Heights"
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