Finance

Tech stocks lead Nasdaq, S&P 500 rebound: A break down

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4 months ago

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The Nasdaq Composite (^IXIC) and S&P 500 (^GSPC) indexes are rebounding from downward pressures that hit tech stocks (XLK) at the beginning of August. Now, Big Tech names, particularly Nvidia (NVDA), are seeing major gains. Why are tech stocks seeing this rebound and is it time to buy back into the sector?

Yahoo Finance markets reporter Josh Schafer joins Morning Brief to break down tech’s reversal from last week’s sell-off and how the sector is leading the market rally on Friday morning.

For more expert insight and the latest market action, click here to watch this full episode of Morning Brief.

This post was written by Nicholas Jacobino

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