The Nasdaq rose, powered by a spate of strong earnings from technology companies, while the S&P 500 and the Dow were little changed. The euro dipped against the dollar after European Central Bank Chief Mario Draghi stressed on the barriers the ECB still faces before it could tighten its monetary policy. Treasuries rose in the
SPX made new fresh all time high and NDX did not yet. In 1990, the largest U.S. companies, General Motors (GM), Ford (F) and ExxonMobil (XOM) earned $11.55 billion and had a combined 799,000 employees. Today’s biggest, Apple(AAPL), Alphabet (GOOGL) and Microsoft (MSFT) have profits of $80.9 billion and employ just 279,000 people.
