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Boost in tech shares sends Wall Street higher

Updated : February 05, 2019 06:35 AM IST

The S&P 500 index and the Nasdaq both closed above their 100-day moving averages for the first time since October.
High expectations for Alphabet Inc's quarterly results, announced after the bell, were likely a contributor to tech and internet stocks' advance during market hours.
FAANG earnings have been a mixed bag. Shares of Apple and Facebook Inc rose after those companies' quarterly results, while downbeat forecasts from Netflix Inc and Amazon.com Inc dragged down those companies' shares.
Boost in tech shares sends Wall Street higher

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