As Markets Hit Records, Can This Red-Hot Sector Keep Soaring?
The stock market had a strange day on Friday, as pockets of the market performed quite well while others took fairly large hits. More extreme measures to control the COVID-19 pandemic overseas have started to make U.S. investors nervous, as lockdowns could exacerbate supply chain problems and result in headwinds to global economic expansion. That's a big part of why the Dow Jones Industrial Average (DJINDICES: ^DJI) and S&P 500 (SNPINDEX: ^GSPC) were down on Friday, even as the Nasdaq Composite (NASDAQINDEX: ^IXIC) hit yet another record closing high above 16,000.
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Source Fool.com