U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of highly influential Big Tech companies.
The S&P 500 gained 1.1% Wednesday after erasing a morning wipeout of 1.6%. A majority of the index’s stocks still finished lower for the day, but gains for Nvidia and other tech stocks were enough to drive it to a third straight gain and back within 2% of its all-time high set in July.
The Dow Jones Industrial Average rose by 124 points, or 0.3%, after rallying back from a drop of 743 points. The Nasdaq composite jumped 2.2%.
On Wednesday:
The S&P 500 rose 58.61 points, or 1.1%, to 5,554.13.
The Dow Jones Industrial Average rose 124.75 points, or 0.3%, to 40,861.71.
The Nasdaq composite rose 369.65 points, or 2.2%, to 17,395.53.
The Russell 2000 index of smaller companies rose 6.41 points, or 0.3%, to 2,103.85.
For the week:
The S&P 500 is up 145.71 points, or 2.7%.
The Dow is up 516.30 points, or 1.3%.
The Nasdaq is up 704.70 points, or 4.2%.
The Russell 2000 is up 12.44 points, or 0.6%.
For the year:
The S&P 500 is up 784.30 points, or 16.4%.
The Dow is up 3,172.17 points, or 8.4%.
The Nasdaq is up 2,384.18 points, or 15.9%.
The Russell 2000 is up 76.77 points, or 3.8%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
