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Tuesday, November 30, 2021

US Stocks Rebound As Tech Shares Gain - UrduPoint - UrduPoint News

Last updated Wednesday, October 6, 2021 03:00 ET , Source: TopWireNews

New York, Oct 6 (UrduPoint / Pakistan Point News - 6th Oct, 2021 ) :Wall Street stocks rebounded Tuesday following the prior session's pullback as uncertainty over Washington politics and the upcoming earnings season stokes volatility.
Of the major indices, the biggest gainer was the tech-rich Nasdaq, which led the market lower on Monday.
Conflict in Congress has raised worries about a possible US debt default while President Joe Biden's agenda hangs in the balance.
Data showed the US services sector grew slightly more than expected in September, while PepsiCo's results also topped estimates. The strong earnings contrasted with some other recent results disappointments.
"We will see more of this in the next couple weeks," Maris Ogg of Tower Bridge Advisors predicted of the upcoming earnings season.
"We are going to get some pre-announcements and swing from everything is okay to everything is not okay for the next couple of weeks.
" The benchmark Dow Jones Industrial Average finished at 34,314.67, up 0.9 percent.
The broad-based S&P 500 added 1.1 percent at 4,345.73, while the Nasdaq Composite Index advanced 1.3 percent to 14,433.83.
After tanking on Monday, large tech shares enjoyed a much better session, with Apple and Google parent Alphabet climbing above one percent while Netflix gained more than five percent.
Facebook also advanced, winning 2.1 percent even as whistleblower Frances Haugen blasted the company's conduct during a withering congressional hearing that...



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