Skip to Content
AP National Business

Tech stocks rally after an early loss, leading market higher

By
Published 12:47 PM

By DAMIAN J. TROISE and ALEX VEIGA
AP Business Writers

NEW YORK (AP) — Stocks closed higher on Wall Street Tuesday as technology stocks rallied following a weak start. The S&P 500 rose 1.6% and the Dow Jones Industrial Average rose 1.5%. The tech-heavy Nasdaq shook off an early loss and added 2.2%. Health care giant Johnson & Johnson rose 3.1% after reporting better-than-expected results and raising its dividend. Energy companies fell along with prices for crude oil and natural gas. Banks rose as Treasury yields continued to climb, which allows banks to charge higher interest rates on loans. The yield on the 10-year Treasury note rose to 2.94%.

Article Topic Follows: AP National Business

Jump to comments ↓

Associated Press

BE PART OF THE CONVERSATION

ABC 17 News is committed to providing a forum for civil and constructive conversation.

Please keep your comments respectful and relevant. You can review our Community Guidelines by clicking here

If you would like to share a story idea, please submit it here.

Skip to content