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Rallies for Nvidia and Big Tech Help Wall Street Nearly Erase Last Week's Loss (Copy)
Big tech and AI stocks led Wall Street gains, with the S&P 500 recovering over two-thirds of last week’s loss, driven by strong earnings and rate cut hopes.
- On Friday, the S&P 500 index climbed 1.2% as Big Tech and other superstars of the U.S. stock market helped Wall Street recover more than two-thirds of last week's losses.
- Bank of America strategist Savita Subramanian said companies in the S&P 500 have been giving generally strong forecasts, with roughly four out of every five reporting stronger profits while traders trawl reports amid no government data.
- Big Tech and other superstars of the U.S. stock market are rallying, helping Wall Street recover a big part of last week’s losses, with the S&P 500 climbing 1.2%.
- Airline stocks gained as hopes controllers get paid again lifted United Airlines 2.5% and Delta Air Lines 1.8%, while health insurers fell with Humana down 2.6% and Cigna slipping 0.7%.
- Bond yields edged down to 4.10% on the 10-year Treasury late Friday, but a government resumption could upset markets if data dashes traders' rate cut hopes.
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AI stocks lead Wall Street rebound as Nvidia, Palantir surge and S&P 500 claws back last week’s losses
Big Tech and other superstars of the U.S. stock market are rallying on Monday, as Wall Street recovers most of its loss from last week. The S&P 500 climbed 1.3% to claw back three-quarters of its drop from last week, which was its first weekly loss in four. The Dow Jones Industrial Average was up 245 points, or 0.5%, as of 1:15 p.m. Eastern time, and the Nasdaq composite was 2.1% higher. Nvidia was by far the strongest force lifting the market a…
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Nvidia and Big Tech rally to help Wall Street recover much of last week's loss
Big Tech is rallying as Wall Street recovers much of its loss from last week. The S&P 500 climbed 1.2% Monday to claw back more two-thirds of its first weekly loss in the last four. The Dow Jones Industrial Average…
Coverage Details
Total News Sources69
Leaning Left17Leaning Right8Center32Last UpdatedBias Distribution56% Center
Bias Distribution
- 56% of the sources are Center
56% Center
L 30%
C 56%
14%
Factuality
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