Wall Street rebounds after its slide as Big Tech takes the reins again

Jumps for Big Tech on Thursday helped U.S. stock indexes claw back much of their slide from the day before. The Standard & Poor's 500 index rose 38.42 points, or 0.7%, to 5,199.06 and recovered most of its Wednesday loss, caused by worries that interest rates may stay high for a while. The Nasdaq composite charged up by 271.84 points, or 1.7%, to a record 16,442.20. The Dow Jones industrial average, which has less of an emphasis on tech, was the laggard. It slipped by 2.

consumer level, “but it may ease investor nerves, at least in the short term,” said Chris Larkin, managing director of trading and investing at E-Trade from Morgan Stanley. A separate report said fewer U.S. workers applied for unemployment benefits last week. It’s the latest signal that the job market remains remarkably solid despite comparatively high interest rates.

Business Business Latest News, Business Business Headlines

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

Stock market today: Wall Street rises ahead of a big week for central banksStocks rose ahead of a busy week for central banks around the world that could dictate where interest rates go next.
Source: latimes - 🏆 11. / 82 Read more »

Buy these 5 tech stocks with upside, including these AI beneficiaries, analysts sayWall Street analysts say that these five tech stocks have more room to run.
Source: CNBC - 🏆 12. / 72 Read more »

McDonald's outage shows challenge of going from Big Mac to Big TechMcDonald's app and some restaurants were impacted by a technology outage on Friday just weeks after the company warned about the risk of its reliance on technology.
Source: FoxBusiness - 🏆 458. / 53 Read more »

Stock market today: Global shares trading mixed after Wall Street’s momentum coolsGlobal shares are mixed in muted trading, as a wait and see mood prevails in markets around the world.
Source: ksatnews - 🏆 442. / 53 Read more »