Dow rallies 300 points, S&P 500 up 1% as Wall Street rebounds from sell-off

Posted on AllSides August 6th, 2024
From The Center
Banking and Finance, Stock Market, Dow Jones, Wall Street
NYSE

Stocks jumped Tuesday, recovering some some losses from the previous trading session.

The S&P 500 traded 1% higher. The Dow Jones Industrial Average rose 316 points, or 0.8%, and the tech-heavy Nasdaq Composite gained 0.8%.

Several big technology stocks rebounded after a sharp pullback on Monday. Nvidia rose 3.6%, while Meta Platforms advanced 2.5%. Meanwhile, Apple continued its decline and fell more than 2%.

Helping sentiment was a rebound in Japanese stocks. The Nikkei 225 posted its best day since October 2008, soaring 10.2%. That surge comes a day after the benchmark suffered its worst day since 1987, losing 12.4%.

 

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