Stock Market Today: S&P 500 rises as tech leads recovery after tumultuous week

Investing.com -- The S&P 500 closed Friday, led by tech, as the recovery in stocks continued following a major selloff earlier this week when concerns about an incoming recession took center stage.gained 0.5%. On Monday, the S&P 500 fell 3%, marking its worst day since 2022 as the fallout from weaker July payrolls data triggered recession fears, which eased as the week progressed amid upbeat incoming economic data.

The reading comes amid increased conviction that U.S. inflation is easing and will give the Federal Reserve enough confidence to begin cutting interest rates from September.will cut rates by an outsized 50 basis points next month, compared to earlier expectations for a 25 basis point cut,There are little in the way of major corporate earnings due Friday, but a number of companies released numbers after the close Thursday for investors to digest.) stock rose 0.

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