Ticker: Big Tech carries Wall Street to another record and winning week; Target stops selling product dedicated to Civil Rights icons after TikTok video shows errors
Big Tech stocks once again carried Wall Street to a record Friday, even though the majority of stocks fell amid worries about the downside of a hot economy.
Big gains for Meta Platforms and Amazon helped drive the S&P 500 index up by 1.1% to its latest all-time high. It’s in a torrid run where it’s climbed in 13 of the last 14 weeks. The Big Tech stocks, which are two of Wall Street’s most influential, also vaulted the Nasdaq composite up by 1.7%.
But the Dow Jones Industrial Average, which has less of an emphasis on tech, rose by a more modest 0.3%, or 134 points. And the Russell 2000 index of smaller stocks fell 0.6%.
Target stops selling product dedicated to Civil Rights icons after TikTok video shows errors
Target says it will stop selling a product dedicated to Civil Rights icons after a now-viral TikTok spotlighted some significant errors.
In a video posted earlier this week, Las Vegas high school teacher Tierra Espy displayed how three Civil Rights icons — Carter G. Woodson, W.E.B. DuBois and Booker T. Washington — were misidentified in the magnetic learning activity.
“These need to be pulled off the shelves immediately,” Espy, who uses the TikTok handle @issatete, says in her Tuesday video. “I teach U.S. History … and I noticed some discrepancies as soon as I opened this.”