AllPennyStocks.com S&P Rebounds from Early Week Losses
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S&P Rebounds from Early Week Losses

October 08,2024 12:31 pm EST

S&P Rebounds from Early Week Losses

The S&P 500 rebounded on Tuesday following a losing session on Wall Street with oil prices and bond yields in focus

The Dow Jones Industrials jumped 62.08 points to 42,016.32.

The much-broader index improved 41.94 points to 5,737.88.

The NASDAQ Composite hiked 211.38 points, or 1.2%, to 18,135.28.

Technology shares powered higher Tuesday, with Nvidia gaining 4% and Apple last up more than 1%. Meta Platforms, Tesla and Microsoft rose at least 1% each.

Stocks have been volatile this month as fears of an escalating conflict in the Middle East mount. The S&P 500 is off by a little more than 1.1% in October following a 2% gain in September. Stocks are also coming off a rocky session that saw all three major averages finish lower.

Prices for the 10-year Treasury dropped, making yields jump to 4.03% from Monday's 4.02%. Treasury prices and yields move in opposite directions.

Oil prices dipped $3.48 to $73.66 U.S. a barrel.

Gold prices stumbled $31.70 to $2,634.10 U.S. an ounce

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