AM Report: broader US stocks down, techs hit new highs

Investors awaited details of a potential coronavirus relief package from US Congress. The tech-heavy Nasdaq index closed at record highs with Facebook (+2.1%), Apple (+1.2%) and Tesla (+7.1%) shares all up. Shares of Boeing rose 2.4% on a ‘buy’ recommendation from UBS. But Intel shares tumbled 3.4% on reports that Apple is planning a series of new Mac processors in 2021. Chevron shares shed 2.7% due to falling oil prices. Sentiment was also dulled by worries over US-China relations and ‘stay-at-home’ virus orders in California. The Dow Jones index closed lower by 148 points or 0.5% after being down around 250 points at session lows. The S&P 500 index fell by 0.2%. But the Nasdaq index climbed 55 points or 0.5%.