U.S. major stock indexes rallied on Tuesday, buoyed by rising tech shares.
 | TUE, JUN 22, 2021 | | | | DOW | | NAME | LAST | CHG | %CHG | | AAPL | 133.98 | +1.68 | +1.27% | | MSFT | 265.51 | +2.88 | +1.10% | | INTC | 55.87 | UNCH | UNCH | |
| | S&P 500 | | NAME | LAST | CHG | %CHG | | AAPL | 133.98 | +1.68 | +1.27% | | F | 14.91 | +0.13 | +0.88% | | BAC | 39.97 | +0.22 | +0.55% | |
| | NASDAQ | | NAME | LAST | CHG | %CHG | | AAPL | 133.98 | +1.68 | +1.27% | | AMD | 83.58 | +0.99 | +1.20% | | MSFT | 265.51 | +2.88 | +1.10% | |
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U.S. major stock indexes rallied Tuesday, buoyed by rising tech shares. A run-up in Big Tech lifted the Nasdaq to an intraday all-time high. The index added 0.8% and ended at 14,253.27 – a record close. The S&P 500 came within shouting distance of a closing record, gaining 0.5%, while the Dow Jones Industrial Average added 68.61 points to finish at 33,945.58. Indeed, Facebook rose 2%, while Netflix climbed nearly 2.4%. Amazon, Apple and Microsoft advanced more than 1%.  Drama unfolded in the cryptocurrency sphere as bitcoin started the day with a slide below its key threshold of $30,000. At one point, the digital currency turned negative for the year before recovering and jumping to about $32,700 as of 6:13 p.m. ET.
It's a far cry from rosier times in April when bitcoin touched an all-time high of over $64,000.
Strategists perceive the recent slump as a short-term worry, rather than a threat to its long-term prospects – provided investors can stomach the ride.
"It would be very hard for people to find another general, multidecade story outside digital assets. So, as much as 2021 feels like a terrible year for crypto investors … this is kind of noise, and it's a great buying opportunity," Fundstrat's Tom Lee told CNBC's "Tech Check" on Tuesday. |
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