Stock Market Today: Software Extended The Rally

August 20, 2020, 7:54 pm EDT

Software Extended The Rally

Nasdaq scored about +1% gain today versus +0.2% for both DJIA and S&P 500. 

Besides TSLA, ZM +6% gains, software showed strong accumulation today: MSFT +2%, SNPS +8%, ADBE +4%, NOW +4%, ZS +6%, UBER +7%, LYFT +6%, INTU +3%, ADSK +3%, CDNS +2%, ANSS +3%.

In addition, many stocks were breaking out of a new uptrend. Thus, it makes sense to add new positions in the software industry.

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