Morning Report 5 Feb 19 : Tech names lead Wall St Higher

 

US sharemarkets rose on Monday. Shares of technology companies Facebook (+1.7%), Apple  (+2.8%), Netflix (+3.0%) and Microsoft (+2.6%) all lifted. Shares of consumer goods company Clorox rose by 5.6% after the company posted a better-than-expected profit. Ultimate Software shares rose by 20.2% after the HR software provider agreed to be bought by an investor group led by Hellman & Friedman in a US$11 billion deal. Allergan shares fell by 3.9% after the US FDA approved Evolus' cheaper version of blockbuster Botox. Around an hour before the close of trade, the Dow Jones index rose by around 110 points or 0.4%. The S&P500 index was up by around 0.5%. And the Nasdaq index was up by around 72 points or 1.0%.

 

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