Technology and tech-related stocks resumed their leadership role on Tuesday amid a relatively calm, news-light Tuesday.
The New York Federal Reserve’s Empire State Manufacturing Index jumped to a reading of 17 for September, versus expectations of just 6. (Any reading in positive territory indicates growth). And a Chinese health official said vaccines being developed there might be ready for general distribution as early as November.
The highest-profile gains could be found in the tech and communications sectors, with blue chips such as Facebook (FB, +2.4%), Qualcomm (QCOM, +2.8%) and Netflix (NFLX, +4.1%) all posting solid advances. That helped the tech-heavy Nasdaq Composite rally yet again, up 1.2% to 11,190.
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