Wall Street has closed in sharp rise on Tuesday as Microsoft and Apple led a strong rebound in stocks in growth as investors awaited monthly employment data later this week that could influence the US Federal Reserve’s decision on when to cut monetary stimulus.
Shares of Apple, Microsoft, Amazon and Alphabet, which are the most valuable companies on Wall Street, have recovered after a sell-off in the stocks in growth in the previous session.
Facebook’s stock was up 2%, a day after it took a hit when its service, WhatsApp and Messenger apps, and its Instagram photo-sharing platform went down for hours.
Nearly all of the top eleven sectors included in the Standard & Poor’s 500 index rose, with banking and telecommunications companies and technology stocks among the best.
Standard & Poor’s recorded a movement of 1%, in rally after falling for the fourth consecutive session. The last time the benchmark index saw such fluctuations was in November 2020, when it rose or fell by 1% or more for seven consecutive sessions.
The Dow Jones Industrial Average closed the trading session in Up 315.57 points, or 0.93%, to 34318.49 points, while the Standard & Poor’s 500 index jumped 45.26 points, or 1.05%, to close at 4,345.72 points.
The high-tech Nasdaq Composite index closed in increase of 178.35 points, or 1.25%, to 14,433.83 points.
The Standard & Poor’s 500 fell more than 3% from its all-time high ended September 2.
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