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Wall Street extends rally, tech leads S&P, Nasdaq to record highs

Updated : August 30, 2018 06:47 AM IST

Apple Inc led the technology sector's advance, and the iPhone maker's shares hit an all-time closing high at $222.98.
Amazon's stock gained 3.4 percent, leading the consumer discretionary sector's advance, as the company edged closer to becoming the second US company, after Apple, to reach $1 trillion in market value.
Among the economic fundamentals, the Commerce Department released its second reading of second-quarter GDP, showing the US economy grew at an upwardly-revised annual rate of 4.2 percent in the quarter, its best performance in nearly four years.
Wall Street extends rally, tech leads S&P, Nasdaq to record highs

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