Morning Report 24 Jun 20: Wall St advances led by leading Technology stocks

US sharemarkets rose on Tuesday on assurances from President Trump about the US-China trade deal and speculation that the US Congress will seek additional stimulus to bolster the economy. White House adviser Lawrence Kudlow said tax rebates and direct mail cheques are on the table in the next coronavirus relief bill. The Nasdaq index hit record highs as investors were buoyed by announcements at the tech giant’s WorldWide Developers Conference. Apple (+2.1%), Amazon (+1.9%) and Netflix (-0.4%) shares hit all-time highs. The Dow Jones index rose by 131 points or 0.5%. The S&P500 index lifted 0.4%. The Nasdaq index was up by 74 points or 0.7%. 

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