Tech Stocks Lead S&P 500 Gains; Treasuries Climb: Markets Wrap
- Twitter jumps in late trading after strong sales outlook
- Intel’s sales forecast falls short of Wall Street estimates
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A rebound in technology companies drove stocks to the brink of a record, with traders assessing another batch of economic and earnings reports. Treasuries climbed.
The S&P 500 had its biggest three-day advance since April, but gains paled in comparison to the previous two sessions. Giants Apple Inc. and Microsoft Corp. rallied, while firms closely tied to a broader reopening of businesses underperformed. In late trading, Twitter Inc. jumped after a strong outlook, while Intel Corp. -- the world’s biggest semiconductor maker -- slid on a lackluster sales forecast.