US Equity Markets Bounce Back From Monday’s Slump
Darren Sinden from educational provider Trade Uni discusses the latest market moves.
After a non-event on Monday, US equity markets sprung back to life in Tuesday’s trade. The Nasdaq 100 rallied by 1.6%, posting a one-week high. Those gains were led by the magnificent seven and Nvidia in particular, which was up by 4% on the session and 13% over the last five trading days. The S&P 500 was up by 1% thanks to gains in the communications services sector, which recovered from Monday’s poor price action and was up by just over 1%. The sector was the second-biggest gainer after information technology, which rallied 2.12% on the day.
The biggest gainer in the S&P 500 at a stock level was Palantir Technologies, up by 6.58%. The stock only…
