S&P 500 Bounces Back; Dow Largely Sits This One Out
Tech stocks are rallying hard on Thursday. Two major catalysts explain their divergence from the Dow.
S&P 500 Bounces Back; Dow Largely Sits This One Out
Overview
What a difference 24 hours makes. After Wednesday's hawkish Fed surprise sent stocks tumbling, Thursday brought a tech-powered bounce.
The S&P 500 (SNPINDEX: ^GSPC) rose 1%, rebounding from Wednesday's 1.2% decline. The Nasdaq Composite (NASDAQINDEX: ^IXIC) rose 1.5% on bullish semiconductor news. Meanwhile, the Dow Jones Industrial Average (DJINDICES: ^DJI) lagged significantly, gaining just 0.4% as of 12:38 p.m. ET.
Details
Tech is back in charge, just before the long Juneteenth holiday weekend.
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.
