Tech-heavy indices outperform as markets recover from yesterday’s sharp sell-off, trimming weekly losses.
US equities rebounded sharply, led by the NASDAQ 100, which surged 2.89% after a steep decline yesterday. The broader NASDAQ index rose 2.39%, while the S&P 500 and Dow gained 1.23% and 0.68%, respectively.
Yesterday’s session saw the Dow drop 1,153 points, or 2.19%, to close at 51,599.15. The S&P 500 fell 1.52%, and the NASDAQ declined 1.74%. Despite today’s rally, the NASDAQ remains down 0.20% for the week, while the S&P and Dow are slightly lower.
The rebound follows a week of pressure on tech stocks, with today’s gains partially offsetting earlier losses. No immediate market reaction data was provided.