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Nasdaq leads gains after best August in decades

Sep. 01, 2020 6:14 AM ETBy: Yoel Minkoff, SA News Editor25 Comments
  • Overnight, S&P 500 and Dow futures rose 0.3% and 0.1%, respectively, though the Nasdaq powered ahead by 1.1%, led by outsized gains for Apple and Tesla.
  • Zoom Video also brought cocktails to the party on the Nasdaq, jumping 27% AH after quarterly revenue more than quadrupled due to stay-at-home trends, while the video-conferencing company raised its sales outlook.
  • The results cemented the Nasdaq's best monthly performance since 2000, while the S&P recorded one of its best August's since the 1980s.
  • In other economic news, the U.S. payroll tax deferral takes effect today, while eurozone inflation turned negative for the first time since 2016.

Nasdaq futures pop

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