Local News

By scott miller

On Friday, the Nasdaq and the S&P 500 both reached new nominal highs on the same day for the first time since the eve of Y2K – that’s right, for the first time since December 31, 1999. The indexes were driven by positive quarterly reports from the tech giants Amazon.com, Google and Microsoft. Microsoft’s stock posted its biggest gain in six years on Friday, and Amazon.com posted its best day in three years. Still, in a sign of investor uncertainty, the yield on the 10-year Treasury, a safe haven, had its largest jump in two months on the same day. …

Source:: Vail Daily Feed