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April 12, 2024

Big Tech leads a rebound in stocks

By STAN CHOE
AP Business Writer

NEW YORK — Jumps for Big Tech on Thursday helped U.S. stock indexes claw back much of their slide from the day before.

The S&P 500 rose 38.42 points, or 0.7%, to 5,199.06 and recovered most of its prior loss, caused by worries that interest rates may stay high for a while. The Nasdaq composite charged up by 271.84, or 1.7%, to a record 16,442.20. The Dow Jones Industrial Average, which has less of an emphasis on tech, was the laggard. It slipped by 2.43 points, or less than 0.1%, to 38,459.08.


 
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