11/20/2023, 10:00 PM (Source: TeleTrader)
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US closes higher led by tech and communication stocks

Major US equity markets closed higher on Monday, buoyed by solid gains in technology and communication stocks, led by record highs from Microsoft and Nvidia. The Nasdaq 100 rose to its highest level since January 2022, and the S&P 500 closed at its highest since August.

Throughout the session, Nvidia hit a new all-time high, trading at more than $505 per share ahead of the release of its earnings report, scheduled for Tuesday afternoon.

At the close, the Dow Jones gained 0.58%, with Boeing rising 4.66%. The Nasdaq 100 added 1.19%, while the S&P 500 rose 0.74%. Enphase was leading the gains in both indexes, improving by 6.07%. On the currency front, the euro improved by 0.32% against the dollar at 3:58 pm ET, selling for $1.09427.

Baha Breaking News (BBN) / JG