Megacap companies rallied to a record as traders turned to defensive shares after the latest round of economic data suggested a slowdown in the labor-market recovery.
The NYSE FANG+ Index of pandemic darlings such as Apple Inc. and Amazon.com Inc. climbed about 1.5%. Tech, utilities and real-estate firms in the S&P 500 rose, while energy and financial stocks fell. The benchmark gauge of American equities traded near its all-time high, while the Dow Jones Industrial Average fluctuated.
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September 01, 2021 at 05:19AM
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Stock Market Today: Dow, S&P Live Updates for Sep. 1, 2021 - Bloomberg
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