Major technology stocks clawed back some of their heavy declines from the previous session and a fierce multi-day rally in Treasuries ended amid a rebound that led the broader US stock market to its biggest one-day gain since the start of the year. Building momentum for the tech giants handed the Nasdaq Composite its largest one-day gain in five months and helped pull the tech-heavy index out of a technical correction, after Monday’s sell-off left it down just over 10 per cent from its peak close in early May. Alphabet, Facebook, Amazon and Apple shed a combined $133bn on Monday after US an...
Tech recovery underpins Wall Street’s biggest gain since January - Financial Times
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