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Friday, 21 May 2021: U.S. stocks rose on Thursday, rebounding from three straight days of losses as technology shares staged a comeback

Friday, 21 May 2021: U.S. stocks rose on Thursday, rebounding from three straight days of losses as technology shares staged a comeback
May 20, 2021 · 4m

U.S. stocks rose on Thursday, rebounding from three straight days of losses as technology shares staged a comeback, while the latest jobless claims totalling a fresh pandemic-era low also boosted...

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U.S. stocks rose on Thursday, rebounding from three straight days of losses as technology shares staged a comeback, while the latest jobless claims totalling a fresh pandemic-era low also boosted sentiment. The Dow Jones rose +188 points, or +0.6%. The S&P 500 gained nearly +1.1% with tech being the biggest gainer among 11 sectors. The Nasdaq climbed +1.8% as Microsoft, Facebook and Alphabet all gained more than 1%. Netflix and Apple rallied more than 2% each. Tesla, chip stocks and other speculative parts of the market, which took a big hit in the previous session, bounced back on Thursday amid a recovery in bitcoin prices.
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Author Morgans Financial Limited
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