Nasdaq closes above 20,000 for first time as rally continues into year-end

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Financial Times 14h ago

Nasdaq closes above 20,000 for first time as rally continues into year-end - Financial Times

Quick Summary:

The Redmond, Washington-based tech group in 2021 joined GM, Honda and institutional investors in a combined new equity investment of more than $2bn to help the Detroit-based carmaker accelerate the commercialisation of autonomous driving vehicles.

Microsoft said it expected to take an $800mn impairment charge stemming from General Motors’ decision to restructure its driverless car unit, Cruise.

The yield on the policy-sensitive two -year Treasury was flat at 4.15 per cent, though the yield on the benchmark 10-year note rose 0.05 percentage points to 4.27 per cent.