Stock Market Today: S&P 500, Nasdaq Nab New Highs as Apple Gains

The Dow ended in the red on weakness in American Express (AXP).

apple logo on skyscraper
(Image credit: Getty Images)

Stocks churned mostly higher today as investors continued to cheer Friday's dovish speech from Fed Chair Jerome Powell, where he indicated that tapering of the central bank's bond-buying program was likely imminent, but a rate hike was not.

The idea of low interest rates for the foreseeable future as well as a 3.4-basis point (a basis point is one-one hundredth of a percentage point) decline in the 10-year Treasury yield to 1.278% boosted the technology sector (+1.1%).

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Disclaimer

Karee Venema was long AAPL as of this writing.

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Karee Venema
Senior Investing Editor, Kiplinger.com

With over a decade of experience writing about the stock market, Karee Venema is the senior investing editor at Kiplinger.com. She joined the publication in April 2021 after 10 years of working as an investing writer and columnist at Schaeffer's Investment Research. In her previous role, Karee focused primarily on options trading, as well as technical, fundamental and sentiment analysis.