{"id":439300,"date":"2022-04-28T23:31:48","date_gmt":"2022-04-28T20:31:48","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/dow-jumps-over-600-points-on-rebound-in-tech-stocks\/"},"modified":"2022-04-28T23:31:48","modified_gmt":"2022-04-28T20:31:48","slug":"dow-jumps-over-600-points-on-rebound-in-tech-stocks","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/dow-jumps-over-600-points-on-rebound-in-tech-stocks\/","title":{"rendered":"#Dow jumps over 600 points on rebound in tech stocks"},"content":{"rendered":"<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_84 counter-hierarchy ez-toc-counter ez-toc-custom ez-toc-container-direction\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<label for=\"ez-toc-cssicon-toggle-item-6a27805f5a1d2\" class=\"ez-toc-cssicon-toggle-label\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #dd3333;color:#dd3333\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #dd3333;color:#dd3333\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/label><input type=\"checkbox\"  id=\"ez-toc-cssicon-toggle-item-6a27805f5a1d2\" checked aria-label=\"Toggle\" \/><nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-1'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/buradabiliyorum.com\/en\/dow-jumps-over-600-points-on-rebound-in-tech-stocks\/#%E2%80%9CDow_jumps_over_600_points_on_rebound_in_tech_stocks%E2%80%9D\" >&#8220;Dow jumps over 600 points on rebound in tech stocks&#8221;<\/a><\/li><\/ul><\/nav><\/div>\n<h1><span class=\"ez-toc-section\" id=\"%E2%80%9CDow_jumps_over_600_points_on_rebound_in_tech_stocks%E2%80%9D\"><\/span>&#8220;Dow jumps over 600 points on rebound in tech stocks&#8221;<span class=\"ez-toc-section-end\"><\/span><\/h1>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>Stocks rallied on Wall Street Thursday as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/technology\/\" data-internallinksmanager029f6b8e52c=\"4\" title=\"Technology\" target=\"_blank\" rel=\"noopener\">technology<\/a> companies clawed back some of the ground they had lost recently.<\/p>\n<p>The Dow Jones Industrial Average rose 614 points, or 1.85%, to 33,916.39, and the Nasdaq climbed 3%, or 382.60, to 12,871.53. The S&amp;P 500 rose 2.5%.<\/p>\n<p>The gains erased weekly losses for most of the major indexes, but they are all still headed for a dismal monthly finish after sliding for much of April. This week has been especially turbulent as investors review a heavy batch of corporate earnings from major tech companies, industrial firms and retailers.<\/p>\n<p>Big Tech and communications companies have been behind much of the oscillations in the broader market as their pricey stock values have more force in pushing the major indexes up or down.<\/p>\n<p><a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">App<\/a>le, which reports its latest financial results later Thursday, rose 4.5%. Chipmaker Qualcomm jumped 10.6% after easily beating Wall Street\u2019s profit estimates.\u00a0<a href=\"https:\/\/buradabiliyorum.com\/en\/category\/social-mediaa\/\" data-internallinksmanager029f6b8e52c=\"1\" title=\"Social Media\" target=\"_blank\" rel=\"noopener\">Facebook<\/a>\u2019s parent company Meta\u00a0surged 17.7% after it beat Wall Street\u2019s first-quarter profit forecasts and reported an encouraging increase in daily users.<\/p>\n<p>Encouraging financial reports helped support gains for several other major companies.\u00a0McDonald\u2019s\u00a0rose 3.5% following a strong earnings update.\u00a0Southwest Airlines\u00a0rose 2.2% after reporting solid revenue and telling investors it expects a profitable year as <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/trip-and-travel\/\" data-internallinksmanager029f6b8e52c=\"10\" title=\"Trip &amp; Travel\" target=\"_blank\" rel=\"noopener\">travel<\/a> demand returns with the pandemic fading.<\/p>\n<p>Bond yields gained ground. The yield on the 10-year Treasury rose to 2.86% from 2.81%.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-jones-044.jpg?w=1024\" alt=\"dow jumps as tech stocks rebound\" class=\"wp-image-22075017\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-jones-044.jpg?quality=75&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-jones-044.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-jones-044.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-stocks-rally2.jpg?w=1024\" alt=\"Traders work on the floor of the New York Stock Exchange.\" class=\"wp-image-22073770\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-stocks-rally2.jpg?quality=75&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-stocks-rally2.jpg?quality=75&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-stocks-rally2.jpg?quality=75&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Big Tech and communications companies have been behind much of the oscillations in the broader market.<\/figcaption><figcaption><span class=\"credit\">Getty Images<\/span><\/figcaption><\/figure>\n<p>The latest round of corporate report cards are hitting the market as Wall Street tries to figure out how rising inflation is impacting businesses and consumer spending. Earnings have been mostly positive, but investors are also focusing on forecasts, which have become more difficult for many companies to provide because of all the uncertainties swirling around inflation and economic growth.<\/p>\n<p>\u201cCompanies just don\u2019t have enough transparency into the future to give any numbers on that,\u201d said Jason Draho, head of asset allocation for the Americas at UBS Global Wealth Management.<\/p>\n<aside class=\"single__inline-module alignright\">\n    <\/aside>\n<p>Supply chain issues have been crimping business operations in many industries throughout the recovery from the pandemic and\u00a0Russia\u2019s ongoing war against Ukraine\u00a0has worsened increases for energy and key food commodity prices. Strict COVID-19 lockdown measures in China have added to concerns about slowing growth.<\/p>\n<p>\u201cIt all just fuels investor anxiety, which is high,\u201d Draho said. \u201cInvestors are just trying to make sense of all that is happening.\u201d<\/p>\n<p>The Federal Reserve is set to aggressively hike rates as it steps up its fight against inflation. The chair of the Fed has indicated the central bank may hike short-term interest rates by double the usual amount at upcoming meetings, starting next week. It has already raised its key overnight rate once, the first such increase since 2018.<\/p>\n<p>The Commerce Department on Thursday reported that\u00a0the US economy shrank last quarter\u00a0for the first time since the pandemic recession struck two years ago. But the report showed that consumers and businesses kept spending, despite rising inflation, in a sign of underlying resilience.<\/p>\n<p>Consumer spending is being closely watched as a gauge for the broader economy, as everything from food to clothing and gas becomes more expensive. Investors will also get another update on spending Friday when the Commerce Department releases its personal income and spending report for March.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. Follow us on\u00a0<span style=\"color: #ff0000;\"><a style=\"color: #ff0000;\" href=\"https:\/\/news.google.com\/publications\/CAAqBwgKMLG0nwswvr63Aw\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\">For forums sites go to <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/forum.buradabiliyorum.com\/\" target=\"_blank\" rel=\"noopener\">Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<blockquote>\n<p style=\"text-align: center;\"><strong>If you want to read more <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/news\/\" data-internallinksmanager029f6b8e52c=\"2\" title=\"News\" target=\"_blank\" rel=\"noopener\">News<\/a> articles, you can visit our <span style=\"color: #ff9900;\"><a style=\"color: #ff9900;\" href=\"https:\/\/en.buradabiliyorum.com\/news\/\" target=\"_blank\" rel=\"noopener\">News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n<p><span style=\"color: black;\"><a style=\"color: #ff9900;\" href=\"https:\/\/nypost.com\/2022\/04\/28\/dow-jumps-over-600-points-on-rebound-in-tech-stocks\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>&#8220;Dow jumps over 600 points on rebound in tech stocks&#8221; Stocks rallied on Wall Street Thursday as technology companies clawed back some of the ground they had lost recently. The Dow Jones Industrial Average rose 614 points, or 1.85%, to 33,916.39, and the Nasdaq climbed 3%, or 382.60, to 12,871.53. The S&amp;P 500 rose 2.5%&#8230;.<\/p>\n","protected":false},"author":1,"featured_media":439301,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2022\/04\/dow-jones-045.jpg?quality=75&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[128599,73977,72332,70359,70360],"class_list":["post-439300","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-4-28-22","tag-dow-jones-industrial-average","tag-nasdaq","tag-stocks","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439300","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=439300"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/439300\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/439301"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=439300"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=439300"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=439300"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}