How major US stock indexes fared Thursday, 1/18/2024

Wall Street bounced back to recoup almost all the losses it suffered earlier in the week

Wall Street bounced back to recoup almost all the losses it suffered earlier in the week.

The S&P 500 rose 0.9% following back-to-back drops that kicked off this holiday-shortened week. The Dow gained 0.5%, and the Nasdaq composite jumped 1.3%.

Big Tech stocks led the way, including Apple, which flipped its loss for the week so far into a gain. Chip companies were also strong after chip maker Taiwan Semiconductor gave a better-than-expected revenue forecast. Treasury yields were mixed and holding steadier after jumping earlier in the week. That eased the pressure on stocks.

On Thursday:

The S&P 500 rose 41.73 points, or 0.9%, to 4,780.94.