Stocks rebound from early morning slump a day after Wall Street's worst performance in a month

Stocks are up on Wall Street following an early morning slump a day after the market's worst performance in a month. The S&P 500 is up 0.3%, or 17 points, as of 10:58 a.m. Eastern time on Wednesday, following a 2.1% drop a day earlier. The Dow Jones Industrial Average is up 186 points, or 0.5%, while the tech-heavy Nasdaq composite is up 0.4%.

3% as Nvidia and other Big Tech stocks led the way lower.Treasury yields also stumbled in the bond market after a report showed American manufacturing shrank again in August, sputtering under the weight of high interest rates. Manufacturing has been contracting for most of the past two years, and its performance for August was worse than economists expected.

Australia Australia Latest News, Australia Australia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall Street slumps, putting stocks on track for their worst day in nearly a monthMonthly job growth has replaced inflation updates as the most important signal of how the economy is faring.
Source: CBSHealth - 🏆 480. / 51 Read more »

Asian stocks tumble after Wall Street's worst day since early AugustJapan's benchmark Nikkei 225 lost 3.8 percent, leading losses in Asia.
Source: trtworld - 🏆 101. / 63 Read more »

Global stocks plummet after Wall Street's worst day since AugustThe S&P 500's heaviest weight, Nvidia, fell 9.5% Tuesday.
Source: komonews - 🏆 272. / 63 Read more »

Global stocks tumble after Wall Street drops on worries about the economyHeadlines 09/03/2024
Source: nypost - 🏆 91. / 67 Read more »

European markets lower; tech stocks down 2.6% following declines on Wall StreetEuropean stocks fell sharply at the open Wednesday, following steep losses on Wall Street Tuesday and in Asia-Pacific markets overnight.
Source: CNBC - 🏆 12. / 72 Read more »