August 12, 2020, 10:53 pm EDT
Stock Market Today: Powerful Technology Jump
Instead of pullback from overheated and extended rally, technology jumped again for Nasdaq +2% gains today. TSLA +13%, AMD +7%, QCOM +6%, NVDA +5%, SWKS +4% AAPL +3%, MSFT +3% are winning lists. S&P is approaching a new record high level. TSLA also announced stock split 5-1 which is similar to AAPL 4-1 actions. Although stock split means strength for the rally, excess splits may lead to top-out due to too many shares. Thus, investors should be aware of this possibility.