Open Demo Account
Home / Market Update / Global Stock Market / Wall Street closes sharply higher over Big Tech gains

Wall Street closes sharply higher over Big Tech gains

Mohamed Abdelhamid 6 October, 2021 1:42 am Global Stock Market, Market Update

Facebook shares have bounced by 2.1% one day after taking a beating as services resumed following outage.

Tech and financial companies Apple, Microsoft, Amazon and Alphabet are significantly among top advancers, each rose more than 1% following a selloff in growth stocks the day before.

PepsiCo gains on raising annual revenue forecast. Readings for Tuesday include Dow closing at +0.92%, S&P 500 at +1.05% with financials, communication services and technology leading the way, and Nasdaq at +1.25%.

Wall Street ended sharply higher on Tuesday, Tech giants witnessed a strong rebound in growth stocks and investors awaited monthly payrolls data later this week that could influence the U.S. Federal Reserve’s decision on when to scale down the monetary stimulus.

Tags

Check Also

AUD Plummets to Five-Year Low as China’s Tariff Bombshell Rocks Global Markets

In a dramatic twist of global economic fortunes, the Australian dollar has crashed to its …

This site contains information and opinions for the purpose of providing only general information and can not be relied upon. The information and opinions contained in this Site shall in no way constitute an offer or solicitation to buy, sell or subscribe to any investment product. Users of this site shall bear any risks arising from the use of any information, opinion, program, service or material. Noor Trends reserves the right to make any change to the Site, the information, opinions, materials, products, programs, services or prices (if any) at any time without notice.
All copyrights reserved Noor Trends