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Stocks rose on Thursday, boosted by those in the tech space, as investors attempted to regain their footing following Wednesday’s slide.
The Dow Jones Industrials revived 86.24 points to 46,676.65.
The S&P 500 reversed course and gained 27.55 points to 6,726.95.
The NASDAQ regained 127.2 points to 22,867.60, supported by gains in names such as Amazon, Broadcom and Meta Platforms
More than three-quarters of S&P 500 companies reporting so far have exceeded earnings expectations
Trade remains in focus as well. President Donald Trump said Wednesday evening that his upcoming meeting with Chinese President Xi Jinping is “scheduled,” easing some fears about U.S.-China relations that had put markets under pressure on Wednesday.
Prices for the 10-year Treasury slumped Thursday, raising yields 3.99% from Wednesday’s 3.96%. Treasury prices and yields move in opposite directions.
Oil prices gained $3.04 to $61.54 U.S. a barrel.
Gold prices surged $100.90 to $4,166.30 U.S. an ounce.
