Advertisment
Stocks jumped Tuesday, recovering some losses from the previous trading session.
The Dow Jones Industrial index recovered 467.16 points, or 1.6%, to 39,170.43.
The S&P 500 index gained 89.11 points to 5,275.44.
The NASDAQ popped 286.96 points, or 1.8%, to greet noon hour at 16,487.04.
Several big technology stocks rebounded after a sharp pullback on Monday. Nvidia rose 3.6%, while Meta Platforms advanced 2.5%.
Meanwhile, Apple continued its decline and fell nearly 2%.
Helping sentiment was a rebound in Japanese stocks. The Nikkei 225 posted its best day since October 2008, soaring 10.2%. That surge comes a day after the benchmark suffered its worst day since 1987, losing 12.4%.
The moves follow a sharp selloff during Monday trading amid concerns over the state of the economy. The 30-stock Dow dropped 1,033.99 points, or 2.6%, while the S&P 500 slid 3%. Both indexes notched their worst sessions since September 2022. The NASDAQ Composite shed 3.4%, tumbling deeper into a correction.
Prices for the 10-year Treasury sank, with yields growing to 3.87% from Monday’s 3.84%. Treasury prices and yields move in opposite directions.
Oil prices gained 64 cents at $73.58 U.S. a barrel.
Gold prices moved lower $15.90 to $2,428.50.
