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U.S. Stocks Rebounded As Investors Took Advantage Of Recent Selloff In Big Tech Shares
Summary: U.S. stocks suddenly rebounded after a crash in technology shares pulled the market down on Thursday, September 3. Investors took advantage of the market dip which brought major indexes down by their biggest percentages since June on Friday, September 4. After experiencing a steep price drop yesterday, Apple shares turned positive late Friday recording a ...
U.S. stocks suddenly rebounded after a crash in technology shares pulled the market down on Thursday, September 3.
Investors took advantage of the market dip which brought major indexes down by their biggest percentages since June on Friday, September 4. After experiencing a steep price drop yesterday, Apple shares turned positive late Friday recording a small gain. Tesla also rallied to 2.8% gains after heavy selling early on Friday.
The comeback illustrates that traders are still counting on technology companies to weather the pandemic as people turn to streaming and devices to communicate with family and work from home.
Despite the gains today the Nasdaq was down 2.7% for the week marking the worst performance since COVID-19 hit the market in March. The Dow has also fallen by 1.1% this week.
By Emily Mason
Tags: Apple,big tech,Dow Jones,Nasdaq,Tesla,US Stocks
Link: U.S. Stocks Rebounded As Investors Took Advantage Of Recent Selloff In Big Tech Shares [Copy]
