The S&P 500 and Dow Jones Industrial Average hit record highs today, with the S&P 500 reaching 5,254.35 and the Dow climbing to 39,807.37. This surge in the stock market comes as investors remain optimistic about the economic recovery and corporate earnings.
However, not all stocks saw gains today, as the QQQ, an exchange-traded fund that tracks the Nasdaq 100 index, dropped to 444.01. This decline was attributed to concerns about rising inflation and interest rates impacting tech stocks.
In other news, Gmail celebrated its 20th anniversary, marking two decades since it revolutionized email communication. Initially launched on April 1, 2004, many people thought Gmail was a prank by Google for April Fool’s Day, but it quickly became one of the most popular email services in the world.
Meanwhile, the Powerball jackpot has soared to $975 million after another drawing without a big winner. The next drawing is eagerly anticipated as players hope to win the massive prize.
Additionally, Kia has issued a recall for over 427,000 Telluride SUVs due to concerns that they might roll away while parked. Owners are advised to contact their local dealership for repairs to ensure the safety of their vehicles.
Overall, it was a day of highs and lows in the financial and tech sectors, with investors closely monitoring market trends and developments.
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