U.S. stocks rebounded as falling oil prices release some of the pressure that built up on the market.
The S&P 500 rose 1% Tuesday and clawed back its loss from the day before. The Dow Jones Industrial Average added 0.3%, while the Nasdaq composite climbed 1.4% as Big Tech stocks led the way.
Wall Street held firm even though stock markets around the world sank following scary swings in China, as euphoria about possible stimulus for the world’s second-largest economy gave way to disappointment. Stocks in Hong Kong tumbled to their worst day since 2008.
On Tuesday:
The S&P 500 rose 55.19 points, or 1%, to 5,751.15.
The Dow Jones Industrial Average rose 126.13 points, or 0.3%, to 42,080.37.
The Nasdaq composite rose 259.01 points, or 1.4%, to 18,182.92.
The Russell 2000 index of smaller companies rose 1.89 points, or 0.1%, to 2,194.98.
For the week:
The S&P 500 is up 0.06 points, or less than 0.1%.
The Dow is down 272.38 points, or 0.6%.
The Nasdaq is up 45.07 points, or 0.2%.
The Russell 2000 is down 17.81 points, or 0.8%.
For the year:
The S&P 500 is up 981.30 points, or 20.6%.
The Dow is up 4,390.83 points, or 11.6%.
The Nasdaq is up 3,171.56 points, or 21.1%.
The Russell 2000 is up 167.91 points, or 8.3%.
Before you make your next trade, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis.
Our team has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and none of the big name stocks were on the list.
They believe these five stocks are the five best companies for investors to buy now...
See The Five Stocks Here
Click the link below and we'll send you MarketBeat's guide to investing in 5G and which 5G stocks show the most promise.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
