Finance News

The next occurred on Thursday with the inventory change

The New York Stock Exchange is pictured on Wall Street in New York City on May 26, 2020.

Johannes Eisele | AFP | Getty Images

Dow Jones Industrial Average rises by 185 points

Big Tech presses over 11,000 for the first time

Facebook stocks ended the day up 6.5%. Apple's stock rose 3.5%, while Netflix and the Google parent alphabet closed more than 1% higher. Microsoft meanwhile climbed 1.6%. These gains drove the Nasdaq to its seventh positive session in a row and another all-time high of over 11,000. The Dow and the S & P 500 recorded their own five-day winning streak.

Focus on attraction

The main averages fluctuated around the flatline for most of the session as they sought clarity on ongoing negotiations to stimulate coronavirus relief. Senate majority leader Mitch McConnell told CNBC's Squawk on the Street that lawmakers are still divided over how much incentive is appropriate. In another interview with CNBC's "Squawk on the Street," House Speaker, Nancy Pelosi, discussed Republicans and their priorities. She said, "Maybe you [Republicans] have been mistaken for someone who doesn't care."

What happens next?

The July US job report is due to be released on Friday morning.

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