Shares of technology companies were more or less flat, but a bias for growth stocks sent the Nasdaq Composite to another record high.
The SPDR Select Technology exchange-traded fund, which tracks the price of the technology industry group on the Standard & Poor's 500 is currently up 13% for the year to date. While that performance lags value sectors such as energy and materials, the tech sector is up far more sharply since the March 2020 pandemic lows.
Cryptocurrency prices remained volatile, with bitcoin hovering near the flat line for the year to date, roughly 50% below their heady peaks a few weeks ago.
Vizio Holding, a maker of Internet-connected televisions, is ramping up investment in its software business amid growing consumer demand for streaming content.
Electric-car maker XPeng has secured approval to sell shares in Hong Kong, making it the latest U.S.-listed Chinese company seeking to tap investors closer to home.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires
06-23-21 1701ET
