The Dow Jones Industrial Average today rebounded from the recent two-day sell-off that knocked off roughly 900 points.
The Dow added 269 points, fueled by a strong bounce for energy and technology stocks. Markets also received a boost from the U.S. Commerce Department, which upwardly revised first-quarter GDP from 0.8% to 1.1%.
The Commerce Department also said that the U.S. economy grew by 1.4% in the fourth quarter of 2016. While the numbers are still pretty lackluster, any uptick in U.S. data is appreciated, particularly at a time when geopolitical risks continue to swell around the globe.
Here’s a recap of all the key events from today’s session…
First up, check out the results for the Dow Jones, S&P 500, and Nasdaq:
Dow Jones: 17,409.72, +269.48, +1.57%
S&P 500: 2,036.09, +35.55, +1.78%
Nasdaq: 4,691.87, +97.42, +2.12%
Now, here’s the top stock market news today… and your best ways to profit.
DJIA Today: Technology Stocks Push Nasdaq Up More Than 2% on the Day
Today, a rebound in stocks helped stop the free fall that took place in the wake of Thursday’s Brexit vote. Investors took a breath as investors scooped up stocks they deemed to be at a discount.
Shares of Apple Inc. (Nasdaq: AAPL) were up 0.7%, while technology giants Facebook Inc. (Nasdaq: FB), Amazon.com Inc. (Nasdaq: AMZN), and Microsoft Corp. (Nasdaq: MSFT) all pushed up by more than 1.7%.
European banks were recovering after a brutal two-day stretch that sent shares of the iShares MSCI Europe Financials Sector Index Fund (Nasdaq: EUFN) plummeting. Still, investors can anticipate some struggles ahead. On Tuesday,Goldman Sachs Group Inc. (NYSE: GS) said that it anticipates the European financial sector will see its profits decline by as much as $35 billion through 2018 as concerns about the Brexit weigh on performance.
