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Wall St. rebounds on tech strength, eyes shift to earnings

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U.S. stocks rebounded on Thursday from a steep selloff in the prior session, boo...

- U.S. stocks rebounded on Thursday from a steep selloff in the prior session, boosted by technology shares, as investors shrugged off a cautious outlook from the Federal Reserve on interest rate cuts and focused on corporate earnings.

Despite that, all three major indexes posted their second straight monthly gains in July, closing the book on a month in which the S&P 500 and the Nasdaq reached fresh record highs. Earnings reports so far have been robust with 355 companies in the S&P 500 that have reported second-quarter earnings, 74.4% have beaten Street estimates for profit, according to Refinitiv data.

The Dow Jones Industrial Average rose 271.77 points, or 1.01%, to 27,136.04 and the S&P 500 gained 29.57 points, or 0.99%, to 3,009.95. The Nasdaq Composite added 122.60 points, or 1.5%, to 8,298.02.

 

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Its falling off the page more like it...

Gotta update these tweets, Reuters.

Yeah, right… testing yesterday lows actually...

LOLFUCKINGL. SWING AND A MISS! Can't hit the fastball, huh, Rhoiders?

Really?

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