After the previous session’s worst performance since April for the S&P 500, U.S. equities recovered on Friday.
Following its decline below the 5,600 mark on Thursday, the S&P 500 saw a 0.9% increase and returned above the barrier. 0.8%, or 340 points, were added to the Dow Jones Industrial Average. It was a 1.1% gain for the Nasdaq Composite.
The technology-heavy Nasdaq Composite dropped 1.95% and the broad market index ended the day 0.88% lower on Thursday.
It was the worst day for both indices since April 30, snapping seven-day gain streaks.
During a significant market rotation, investors sold their Big Tech winners, causing Nvidia to drop 5.6% and Meta Platforms to drop 4.1%. Among the three primary benchmarks, the 30-stock Dow outperformed.
Source (CNBC)
