Technology Shares In The US Are On Rise Again After 3 Days
Technology shares in the
US are on the rise again after 3 days. Tech stocks in the country led the rise on Wall Street after a sharp decline for three days.
Technology shares, which have been declining for 3 days in the
United States, have gained momentum again. The technology sector shares, which experienced the greatest loss of value during the downturn, led the recovery of the economy.
The S&P 500 Index, known as the benchmark of US stocks, rose sharply, while the technology-heavy Nasdaq 100 Index increased more than 2 percent after a sharp drop of 11 percent that dropped to the average level of the last 50 days.
Tesla moved upward again after experiencing the biggest one-day depreciation in its history yesterday. Stock of computer chip and hardware manufacturers, Advanced Micro Devices Inc. and Apple Inc. gained value in leadership.
RSPCTV Capital LLC portfolio manager Lawrance Creatura explains, “The market was sprinting very fast and it seems reasonable for it to take a break and take a breather and decide on its next move. This is what we see today ”.
While the Dow Jones Index increased 258.60 points (0.94%) at 16:33, the S&P 500 Index increased 43.11 points (1.29%) to 3,374.95 points, and the Nasdaq Index increased 205.39 points (1.9%) to 11,053.08 points