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7/17/2018, 7:31 PM (Source: TeleTrader)
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Tech giants take Nasdaq 100 index to all-time high

Investors seemed content on Tuesday with the outcome of the first summit between the presidents of the United States and Russia Donald Trump and Vladimir Putin. Stocks in New York surged, undeterred with Netflix's woes with a slowdown in subscriptions and Amazon.com Inc.'s Prime Day technical glitches. The latter celebrated its online shopping bonanza with an all-time high of $1,851.69 per share. US industrial production rebounded last month, statistics showed, with upbeat tones in homebuilders' morale in a widely tracked gauge, while Federal Reserve Chair Jerome Powell showed confidence in a testimony in Congress.

The Nasdaq 100 touched a record 7,405.116 points, underpinned by the major names in technology, and traded 0.57% up at 7,399.611 at 7:10 pm CET. The S&P 500 was 0.48% higher at 2,811.82 points, the highest level since February 1, a week after its record high. The Dow Jones rose 0.3% to 25,139.76, unseen since June 14.

Amazon added 1.39% to trade at $1,847.883. Facebook Inc. jumped 0.84% to $208.98, compared to the earlier record high at $209.342 per share. Alphabet Inc.increased 1.52% to $1,202 per share, following a rise to a record of 45 cents higher than that.

Breaking the News / IT