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.

Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.would like to remind you that the data contained in this website is not necessarily real-time nor accurate.

It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.

United States United States Latest News, United States United States Headlines

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

Stock Market Today: S&P 500 jumps as softer jobs data cool recession fearsStock Market Today: S&P 500 jumps as softer jobs data cool recession fears
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 closes lower as rebound fadesStock Market Today: S&P 500 closes lower as rebound fades
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P500 ends higher as dip buyers return after routStock Market Today: S&P500 ends higher as dip buyers return after rout
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P500 slumps as weaker economic data rattles stocksStock Market Today: S&P500 slumps as weaker economic data rattles stocks
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P 500 rallies as Fed signals September cut in playStock Market Today: S&P 500 rallies as Fed signals September cut in play
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: S&P500 closes lower as Fed kicks off meetingStock Market Today: S&P500 closes lower as Fed kicks off meeting
Source: Investingcom - 🏆 450. / 53 Read more »