Wall Street gave up some of an early gain but still closed higher Tuesday. Good showings for big technology companies outweighed losses in banks and elsewhere in the market.
The S&P 500 rose 0.5% after being up more than 1% earlier. It’s the second straight sizable gain for the benchmark index following its worst week since June.
Big Tech stocks have been bouncing back this week after suddenly losing altitude earlier this month amid worries that their prices had climbed too high.
The S&P 500 gained 17.66 points, or 0.5%, to 3,401.20.
The Dow Jones Industrial Average rose 2.27 points, less than 0.1%, to 27,995.60.
The Nasdaq composite picked up 133.67 points, or 1.2%, to 11,190.32.
The Russell 2000 index of small company stocks rose 1.18 points, or 0.1%, to 1,538.15.
For the week:
The S&P 500 is up 60.23 points, or 1.8%.
The Dow is up 329.96 points, or 1.2%.
The Nasdaq is up 336.78 points, or 3.1%.
The Russell 2000 is up 40.88 points, or 2.7%.
For the year:
The S&P 500 is up 170.42 points, or 5.3%.
The Dow is down 542.84 points, or 1.9%.
The Nasdaq is up 2,217.72 points, or 24.7%.
The Russell 2000 is down 130.31 points, or 7.8%.
The Associated Press