Tech Sector Leads Wall Street Rally - Adviser Investments

Tech Sector Leads Wall Street Rally

Megan Higgins, manager at Adviser Investments, has the market analysis for Wednesday, October 31. Major U.S. stock indexes surged for a second consecutive day, with the technology sector primarily leading the rally. The Dow Jones Industrial Average, S&P 500 and NASDAQ gained 1.0%, 2.2% and 1.6%, respectively. Once again, General Electric made headlines following Moody’s Investors Service’s downgrade on both GE and GE Capital to Baa1 from A2. Meanwhile, ADP released its National Employment Report for October, revealing better-than-anticipated new-job and wage growth.

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