Investing.com – Wall Street gathered on Tuesday as the rise in technology stocks helped raise mood.
It climbed 221 points, or 0.9%, to 9:51 am ET (13:51 GMT), while the accumulated 25 points, or 0.9%, and tech-heavy increased by 82 points or 1.1%.
The market was hit hard on Friday and flat Monday as an inversion of the yield curve raised concerns about a recession. Markets were so exaggerated Friday that people were looking at the yield curve, and the stock market was selling and thinking things were getting weaker, but the panic phase may have gone, "said Scott Brown, chief economist at Raymond James . Bed Bath & Beyond (NASDAQ 🙂 jumped 29.2 percent after The Wall Street Journal reported that three activist funds rose 29.2 percent. trying to replace his entire board over fears that the company did not respond well to e-commerce, Tesla (NASDAQ 🙂 gained 2.6% after a judge dismissed a lawsuit on manufacturing company claims 3.
Apple (NASDAQ: ) rose 1
NIO (NYSE 🙂 fell altogether with 4.9% of the news that investors are suing the Chinese electric car maker for fraud and alleged violations of US securities laws.
In commodities, it fell 0.5 percent to $ 1322.15 an ounce, jumping 2.3 percent to a near four-month high of $ 60.18 a barrel. He who measures green money against a basket of six major currencies grew by 0.1% to 96,195.
– Reuters contributed to this report.
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