On Thursday, stocks increased as Wall Street made an effort to bounce back from the worst session for the S&P 500 and Nasdaq Composite since 2022.
As IBM surged more than 5% for its highest day since January, the Dow Jones Industrial Average exceeded, rising 380 points, or 1%. Over 500 points were gained by the 30-stock index earlier in the session.
While the Nasdaq gained 0.5%, the S&P 500 increased by 0.7%. As investors kept shifting their portfolios towards small caps, the Russell 2000 increased by 2%.
During the second day, investors persisted in selling some of the top technology names of 2024. Advanced Micro Devices saw a 2% decline, while Microsoft, Alphabet, and Meta Platforms, three megacap stocks, each saw a 1% decline.
Source (CNBC)
