U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of highly influential Big Tech companies.
The S&P 500 gained 1.1 percent Wednesday after erasing a morning wipeout of 1.6 percent. A majority of the index’s stocks still finished lower for the day, but gains for Nvidia and other tech stocks were enough to drive it to a third straight gain and back within 2 percent of its all-time high set in July.
The Dow Jones Industrial Average rose by 124 points, or 0.3 percent, after rallying back from a drop of 743 points. The Nasdaq composite jumped 2.2 percent.
On Wednesday:
The S&P 500 rose 58.61 points, or 1.1 percent, to 5,554.13.
The Dow Jones Industrial Average rose 124.75 points, or 0.3 percent, to 40,861.71.
The Nasdaq composite rose 369.65 points, or 2.2 percent, to 17,395.53.
The Russell 2000 index of smaller companies rose 6.41 points, or 0.3 percent, to 2,103.85.
For the week:
The S&P 500 is up 145.71 points, or 2.7 percent.
The Dow is up 516.30 points, or 1.3 percent.
The Nasdaq is up 704.70 points, or 4.2 percent.
The Russell 2000 is up 12.44 points, or 0.6 percent.
For the year:
The S&P 500 is up 784.30 points, or 16.4 percent.
The Dow is up 3,172.17 points, or 8.4 percent.
The Nasdaq is up 2,384.18 points, or 15.9 percent.
The Russell 2000 is up 76.77 points, or 3.8 percent.
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