Wall St regains some ground after big stocks rout

Posted on AllSides August 6th, 2024
From The Center

Wall Street's main indexes rose in volatile trading on Tuesday, as investors looked for bargains after a rout in the previous session, while dovish rate commentary from Federal Reserve officials also lifted the mood.

Most megacap and growth stocks, which together lost $200 billion in market value on Monday, gained as Nvidia (NVDA.O), opens new tab bounced back 2.3%.

Apple (AAPL.O), opens new tab slipped 1.9%, extending a nearly 5% drop on Monday after Warren Buffett's Berkshire Hathaway (BRKa.N), opens new tab cut its stake in the iPhone maker by half.

 

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https://www.reuters.com/markets/us/futures-recover-positive-fed-rate-remarks-2024-08-06/

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