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
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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