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

October 08,2024 04:30 pm EST

S&P Rebounds from Early Week Losses

Stocks rebounded on Tuesday following a losing session on Wall Street as oil prices eased and investors assessed ongoing tensions in the Middle East.

The Dow Jones Industrials jumped 126.13 points to 42,080.37.

The much-broader index improved 55.19 points, or 1%, to 5,751.13.

The NASDAQ Composite hiked 259.01 points, or 1.5%, to 18,182.92.

Technology shares powered higher Tuesday, with Nvidia climbing 4%, and Broadcom gaining 3%. Meta Platforms, Tesla and Microsoft rose at least 1% each, while Palo Alto Networks rallied 5%.

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 gained, bringing yields back to Monday's 4.02%. Treasury prices and yields move in opposite directions.

Oil prices dipped $3.23 to $73.91 U.S. a barrel.

Gold prices stumbled $24.30 to $2,461.70 U.S. an ounce

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