Investing.com – Wall Street on Tuesday as a rise in technology stocks helped lift sentiment
The jumped 221 points, or 0.9%, at 9:51 AM ET (13:51 GMT), while the gained 25 points, or 0.9%, and the tech-heavy was up to 82 points or 1.1%.
The market hit hard Friday and flat Monday as a yield curve inversion raised about a recession.
"The fact that Markets were beaten so much on Friday, people were looking at the yield curve and the stock market selling and thinking things were getting, but that panic phase may have passed, "said Scott Brown, chief economist at Raymond James. [1
Bed Bath & Beyond (NASDAQ 🙂 jumped 29.2% after The Wall Street Journal reported that three activist funds are trying to replace their entire board with concerns that the company is not responding to e-commerce . Tesla (NASDAQ 🙂 gained 2.6% after a judge dismissed by lawsuit on the company's model 3.
Apple (NASDAQ 🙂 rose 1.2% as analysts digested news of its move towards subscription-based products, while Netflix ( NASDAQ 🙂 fell 0.1%
Elsewhere, NIO (NYSE 🙂 fell 4.9% on news that investors are suing the Chinese electric car for deception and alleged violations of US securities laws.
In commodities, fall 0.5% to $ 1.322.15 into a troy ounce, while jumped 2.3% to an almost-four-month high of $ 60.18 a barrel. The, which measures the greenback against a basket of six major currencies, gained 0.1% to 96.195.
– Reuters contributed to this report.
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