After the previous session saw the S&P 500 have its worst performance since April, U.S. markets recovered on Friday.
After dropping below the 5,600 mark on Thursday, the S&P 500 had an increase of 0.8% and crossed over once more. 0.6%, or 243 points, were added to the Dow Jones Industrial Average. 1% gain was seen in the Nasdaq Composite.
The tech-heavy Nasdaq Composite dropped 1.95% during Thursday’s session, while the broad market index ended the day 0.88% lower.
After winning for seven straight days, both indices had their lowest day since April 30.
In a significant shift in the market, investors sold off their gains in Big Tech, which caused Nvidia to fall 5.6% and Meta Platforms to drop 4.1%. Outperforming all three major indexes was the 30-stock Dow.
Source (CNBC)
