Stocks regain their footing a day after big tech sell-off
ABC News
Stocks shook off a wobbly start and gained ground in afternoon trading on Wall Street Wednesday after a big sell-off in tech stocks a day earlier
NEW YORK -- Stocks shook off a wobbly start and gained ground in afternoon trading on Wall Street Wednesday, after a big sell-off of tech stocks a day earlier. It’s the latest turbulence for the market as traders brace for more earnings reports from major U.S. companies this week.
The S&P 500 was up 1.4% as of 12:30 p.m. Eastern after shifting between gains and losses in the early going. The Nasdaq rose 1.5% and the Dow Jones Industrial Average rose 434 points, or 1.3%, to 33,676.
It has been a volatile week for major indexes, which rallied to a strong finish late Monday only to slump on Tuesday.
Technology stocks have been the key driver through most of the week's ups and downs. Many of the companies in the sector have pricey stock values that tend to push the market up or down with more force.
