S&P 500 rebounds as tech shares lead market recovery
The S&P 500 (Symbol: SP500) rallied more than 1%. closing at 5,564.41 and marking its best single-day performance. This robust recovery follows a challenging week for stocks, particularly in the tech sector, which suffered a major setback due to a major tech outage.
Read more to find out why the S&P 500 rebounds.
Disclaimer:
For short-term traders, the recent rebound in the S&P 500 and the tech sector’s strong performance suggest potential opportunities for quick gains. However, the political uncertainty following President Biden’s announcement may introduce volatility, requiring traders to remain vigilant.
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