Investors Buy Tech Shares on the Dip, NASDAQ Perks

Investors Buy Tech Shares on the Dip, NASDAQ Perks

(MENAFN- Baystreet. ca) Investors Buy Tech Shares on the Dip, NASDAQ Perks Advertisment U. S. stocks rose again on Tuesday as Wall Street appeared to find its footing after a rocky start to the New Year. The Dow Jones Industrials advanced 183. 15 points to 36, 252. 02. The S&P 500 gathered 42. 78 points to 4, 713. 07. The NASDAQ hiked 210. 62 points, or 1. 4%, to 15, 153. 45. Stocks have been volatile to start the year, as rising interest rates have put pressure on equities. Large tech stocks helped support the broader market, with Amazon rising more than 2% and shares of Apple and Nvidia gaining roughly 1. 5% each. Other notable gainers included Illumina, which rose 14% after the genomic sequencing company issued a 2022 revenue outlook that was ahead of consensus. Elsewhere, shares of Exxon Mobil rose more than 3% as U. S. oil prices topped $80 per barrel. At-home fitness stock Peloton jumped more than 7%. Tuesday's market moves follow a sharp rally on Monday afternoon, which saw the tech-heavy NASDAQ erase a 2. 7% loss to finish slightly higher and snap a four-day losing streak. Fed Chair Jerome Powell testified before a