$DBS Group Holdings (D05.SG)$ The major averages rose Monday...
The major averages rose Monday, boosted by tech shares, as Wall Street tried to recover from a tough week.
The S&P 500 gained 1.41% to end at 4,763.54, and the Nasdaq Composite jumped 2.2% to close at 14,843.77. It was the tech-heavy index’s best day since Nov. 14. The Dow Jones Industrial Average added 216.90 points, or 0.58%, settling at 37,683.01.
Investors are buying the dip with the technology sector, which lost 4% last week, as yields fell on Monday. Nvidia rose 6.4%, reaching an all-time high, and Amazon climbed nearly 2.7% to help pull the Nasdaq higher. Alphabet shares advanced 2.3%. Apple added 2.4% after Evercore ISI advised clients buy last week’s dip. The VanEck Semiconductor ETF (SMH)jumped 3.5% for its best day since November.
The yield on the 10-year Treasury yield, meanwhile, lost about 3 basis points to trade at 4.012%.
The S&P 500 gained 1.41% to end at 4,763.54, and the Nasdaq Composite jumped 2.2% to close at 14,843.77. It was the tech-heavy index’s best day since Nov. 14. The Dow Jones Industrial Average added 216.90 points, or 0.58%, settling at 37,683.01.
Investors are buying the dip with the technology sector, which lost 4% last week, as yields fell on Monday. Nvidia rose 6.4%, reaching an all-time high, and Amazon climbed nearly 2.7% to help pull the Nasdaq higher. Alphabet shares advanced 2.3%. Apple added 2.4% after Evercore ISI advised clients buy last week’s dip. The VanEck Semiconductor ETF (SMH)jumped 3.5% for its best day since November.
The yield on the 10-year Treasury yield, meanwhile, lost about 3 basis points to trade at 4.012%.
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101879069 : Can’t find a good entry point near term. :(
Deep SeaOP 101879069: Best to enter after the Thursday US inflation report which will determine the direction of rate path.