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Nasdaq jumps 3 7 percent, most in four months, as Big Tech surges | News, Sports, Jobs

Mar 9, 2021 Big technology companies lead the stock market higher today, driving the Nasdaq to its biggest gain in four months and more than making up for a sharp skid a day earlier. (AP Photo/Seth Wenig, File) Technology companies powered stocks higher on Wall Street today, driving the Nasdaq to its biggest gain in four months and more than making up for a sharp skid a day earlier. The Nasdaq surged 3.7 percent, led by gains in Big Tech companies such as Apple, Amazon and Facebook. Despite its big day, the index remains 7.2 percent below its all-time high set Feb. 12. On Monday, it closed 10 percent below its peak, what is known as a “correction” on Wall Street.

Nasdaq jumps 3 7%, most in four months, as Big Tech surges | News, Sports, Jobs

Damian J. Troise and Alex Veiga Technology companies powered stocks higher on Wall Street Tuesday, driving the Nasdaq to its biggest gain in four months and more than making up for a sharp skid a day earlier. The Nasdaq surged 3.7%, led by gains in Big Tech companies such as Apple, Amazon and Facebook. Despite its big day, the index remains 7.2% below its all-time high set Feb. 12. On Monday, it closed 10% below its peak, what is known as a “correction” on Wall Street. The tech stocks rally, which helped lift the S&P 500 1.4%, followed a decline in bond yields, which have been increasing rapidly in recent weeks, driving up long-term interest rates. The yield on the 10-year Treasury note dropped to 1.54% after trading above 1.60% a day earlier.

Why Big Tech stocks still have room to run

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Asian stocks set to follow Wall St rally but China worries grow

Asian stocks set to follow Wall St rally but China worries grow
channelnewsasia.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from channelnewsasia.com Daily Mail and Mail on Sunday newspapers.

US STOCKS-Nasdaq surges as tech stocks roar back

US STOCKS-Nasdaq surges as tech stocks roar back
reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.

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