The broad market index saw its worst weekly drop since April last week, but the S&P 500 rebounded on Monday thanks to a surge in tech equities.
The benchmark increased 1.1% and was on track for its highest day since June 5; the Nasdaq Composite gained 1.8%. A 0.3% increase, or 91 points, or 135 points, was seen in the Dow Jones Industrial Average.
Following an 8% decline the previous week, Nvidia surged 4% higher.
Meta Platforms and Alphabet, two other large tech companies, saw increases of over 2% as well.
After losing about 18% the previous week, CrowdStrike continued to deteriorate, closing at around 13%.
Source (CNBC)
