Stocks Climb to Records With Tech Leading Advance: Markets Wrap
- Work-from-home shares rally after Zoom surprises on sales
- West Texas Intermediate oil climbs toward $43 a barrel
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U.S. stocks notched fresh records, with tech shares in the lead as investors snapped up work-from-home winners.
Zoom Video Communications Inc. led a rally in companies well positioned for stay-at-home orders, while Apple Inc. pulled the S&P 500 Index to a fresh high after August’s blowout gain. The dollar erased losses as data showed U.S. manufacturing expanded last month at the fastest pace since 2018. Treasury yields dipped.