S&P 500 Rises for a Second Day as Investors Buy Tech Stocks on The Dip
The S&P 500 edged higher on Tuesday, along with the Nasdaq Composite, as investors scooped up tech shares following a recent dip and investors tried to regain their footing after a tough September start.
The broad market index advanced 0.4%, while the Nasdaq climbed 0.6%. The Dow Jones Industrial Average slipped 61 points, or 0.1%.
Nvidia and Amazon gained 2.2% and 1.8%, respectively. Microsoft shares added 1%. Cloud platform company Oracle surged 10% after posting fiscal first-quarter results that topped expectations and announcing a partnership with Amazon Web Services to provide database services.
Tech stocks have been struggling recently, with the Technology Select Sector SPDR Fund (XLK) losing more than 7% this quarter.
Source : CNBC