Stocks set for bounce back after 3-day rout as tech leads gains

[Mysterian]

Source: Yahoo

US stocks eyed a rebound on Tuesday following a three-day rout that wiped a healthy chunk of 2024's market gains. The tech-heavy Nasdaq Composite (^IXIC) led the day's gains, opening around 0.6% higher. The benchmark S&P 500 (^GSPC) followed suit, inching up about 0.5% while the Dow Jones Industrial Average (^DJI) hugged the flatline.

Read more: https://finance.yahoo.com/news/stock-market-news-today-stocks-set-for-bounce-back-after-3-day-rout-as-tech-leads-gains-133255334.html

[twodogsbarking]

1. It climbs by inches and falls by the foot. Any questions?

[Bengus81]

2. Up nearly 500 points at 10am. Come on Trump..take credit for the upward bounce. n/t

[IronLionZion]

3. Several big funds have decided to sell

since US tech stocks are looking volatile, they've decided to take profits now until things calm down. Stocks are still priced pretty high relative to valuations.

[Miguelito Loveless]

4. So, the world is not ending after all

[maxsolomon]

5. No, it's ending

Just, like, a couple billion years from now.

[onenote]

6. Stocks drop in final hour of trading on Wednesday

The bounce back that started on Tuesday appeared to be continuing on Wednesday until late in the trading day, when what had been a 480 point gain earlier in the day turned into a 234 point drop by day's end.