{"id":198054,"date":"2021-03-09T22:21:00","date_gmt":"2021-03-09T19:21:00","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/tech-stocks-rebound-as-nasdaq-jumps-over-3-percent\/"},"modified":"2021-03-09T22:21:00","modified_gmt":"2021-03-09T19:21:00","slug":"tech-stocks-rebound-as-nasdaq-jumps-over-3-percent","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/tech-stocks-rebound-as-nasdaq-jumps-over-3-percent\/","title":{"rendered":"#Tech stocks rebound as Nasdaq jumps over 3 percent"},"content":{"rendered":"

“#Tech stocks rebound as Nasdaq jumps over 3 percent<\/strong>”
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US stocks advanced on Tuesday, with the Nasdaq jumping over 3 percent to recoup its losses in the previous session as US bond yields retreated and investors picked up battered technology<\/a> stocks.<\/p>\n

Among the biggest boosts to the S&P 500 and the Nasdaq were Tesla, App<\/a>le, Amazon, Facebook<\/a> and Microsoft, jumping between 2.4 percent and 7.2 percent after sharp losses in recent weeks as a rise in yields raised concerns over their high valuations.<\/p>\n

Signs that a $1.9 trillion coronavirus relief package was closing in on final approval sparked a spike in yields on Monday, pushing the tech-heavy Nasdaq to end more than 10 percent below its Feb. 12 closing high that confirmed a correction.<\/p>\n

US 10-year Treasury bond yields eased to 1.54 percent after hovering near 13-month highs of 1.613 percent in the prior session. Longer-dated yields have jumped over the last month as investors price in a faster-than-expected economic rebound and higher inflation.<\/p>\n

Higher yields can weigh even more on tech and growth stocks with lofty valuations, as they threaten to erode the value of their longer-term cash flows.<\/p>\n

\u201cTech stocks are overdue for some kind of bounce after the downfall they have had so far with most investor maintaining a positive outlook (on them) in the medium to longer term,\u201d said Michael Sheldon, chief investment officer at RDM Financial in Westport, Connecticut.<\/p>\n

\u201cPotential headwind for the market is if interest rates rise further from this point over the short period \u2026 since they have risen too fast in too little time.\u201d<\/p>\n

The Dow Jones industrial average rose 168.01 points, or 0.53 percent, to 31,970.45, the S&P 500 gained 57.06 points, or 1.49 percent, to 3,878.41 and the Nasdaq Composite gained 399.55 points, or 3.17 percent, to 13,008.71.<\/p>\n

The rise in yields has accelerated a rotation from \u201cstay-at-home\u201d winners to stocks primed to benefit from an economic reopening, helping the blue-chip Dow hit an intraday record high on Monday.<\/p>\n

The global economic outlook has brightened as vaccine rollouts gain speed and the United States launches a massive new stimulus package, the Organisation for Economic Cooperation and Development said, hiking its 2021 growth forecasts.<\/p>\n

The House of Representatives could approve the relief bill as early as Wednesday, with a vote allowing the Democratic president to sign the legislation into law later this week.<\/p>\n

The bank index dropped 2 percent after vaulting to a new 14-year peak. Financials and energy sectors were in the red.<\/p>\n

Game<\/a>Stop was up 18 percent, building on Monday\u2019s rise of over 40 percent on the video retailer\u2019s e-commerce strategy and speculation that small investors will pour stimulus checks into markets.\n <\/p><\/div>\n

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Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Tech stocks rebound as Nasdaq jumps over 3 percent” US stocks advanced on Tuesday, with the Nasdaq jumping over 3 percent to recoup its losses in the previous session as US bond yields retreated and investors picked up battered technology stocks. Among the biggest boosts to the S&P 500 and the Nasdaq were Tesla, Apple,…<\/p>\n","protected":false},"author":1,"featured_media":198055,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/03\/nasdaq-tech-stocks.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[96854,5029,72332,70359,36402,70360],"class_list":["post-198054","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-3-9-21","tag-apple","tag-nasdaq","tag-stocks","tag-tesla","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198054","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=198054"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/198054\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/198055"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=198054"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=198054"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=198054"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}