Nasdaq leads Wall St higher, tech shares recover from Monday's sell-off
Tue January 28, 2025 6:44 PM
The bargain hunters were out in force from the outset today with both tech and Nvidia recapturing more than half of yesterday’s losses, though the overall chip index regained only 1.1%, a far cry from the 9.2% lost yesterday. The S&P tech sector had its biggest daily percentage gain since July. The was of course the typical bounceback that is always expected after a day of panic so yesterday’s expert was quite correct.
It just happened much more quickly than expected. Q4 is going strong though GM dipped a big 8.9% as investors worried about the tariff threat. Trump announced that he was next going after chips, pharma, and steel. But after yesterday’s very strong volume, it was back to below average again today with 13.87 billion shares traded vs a 15.5 billion average.
DJ: 44,713.58 +289.33 NAS: 19,341.83
-612.47 S&P: 6,012.28
-88.96 1/27
DJ: 44,850.35 +136.77 NAS: 19,733.59
+391.75 S&P: 6,067.70
+55.42 1/28
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