Reported 5 months ago
Stocks in the US rebounded on Friday, with the S&P 500 rising 0.7% and the Nasdaq Composite gaining 1.1% after a volatile week that saw the Dow Jones Industrial Average shed 600 points in its worst day in over a year. Tech stocks led the way higher, with Nvidia up 2% following its blowout quarter and upcoming stock split. The positive sentiment was also supported by easing US Treasury yields and renewed interest rate concerns. Additionally, Paramount reached a multi-year distribution deal with Charter Communications, and Nvidia's stock split marked the fourth from Magnificent Seven companies since 2022.
Source: YAHOO