⁍ U.S. stocks advanced on Thursday as investors piled into technology heavyweights ahead of their earnings reports.
⁍ The rebound came after a more than 3% slide a day earlier in Wall Street’s major indexes.
– On Wednesday, the Dow fell more than 300 points, its largest single-day point drop since March. On Thursday, the Dow was up more than 200, while the Nasdaq and S&P 500 were up more than 2% each, per MarketWatch. The rebound came after a more than 3% drop a day earlier in Wall Street’s major indexes, underscoring heightened market volatility ahead of the presidential election next week. “It’s a big day in technology today in anticipation of their results,” one investment strategist tells Reuters. “The earnings season so far has resulted in significant positive earnings surprises. We think that’s helping to fuel today’s rally in anticipation of positive surprises from these companies.”
Source: https://www.reuters.com/article/us-usa-stocks/wall-street-rebounds-ahead-of-tech-earnings-upbeat-data-helps-idUSKBN27E1WY