US stocks rebound day after intense Delta variant-fuelled selloff
Al Jazeera
Stocks jumped on Wall Street Tuesday as investors went back to buying following a rout the day before brought on by concerns about the spread of a more contagious variant of COVID-19.
The S&P 500 index was up 1.5 percent as of 1:43pm EST (17:43 GMT), regaining most of the ground it lost from Monday’s drop, its biggest since May.
The Dow Jones Industrial Average rose 558 points, or 1.7 percent, to 34,521; and the Nasdaq Composite Index was up 1.6 percent. The Russell 2000 Index of smaller-company stocks outpaced the other major indexes with a 2.9 percent gain.
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