Day Traders Diary

8/6/20

The major averages rise once again led by tech shares, as traders kept an eye on Washington for clues on a new coronavirus stimulus package and pored over better-than-expected unemployment data.

The Dow Jones Industrial Average traded up over 150 points or 0.6%. The S&P 500 climbed 0.5% as well and the Nasdaq Composite advanced 0.8% to a fresh record high. Thursday's gains put the S&P 500 about 1.5% below its Feb. 19 record.

Facebook jumped more than 6% and Apple shares climbed 2.8%. Netflix advanced about 1%. Amazon and Microsoft rose 0.5% and 0.9%, respectively. These stocks have contributed a massive share of the broader market's gains off the March 23 low and are all handily outperforming the S&P 500.