U.S. stock indexes stormed back from big early drops to finish higher, led by a handful of highly influential Big Tech companies.
The S&P 500 gained 1.1% Wednesday after erasing a morning wipeout of 1.6%. A majority of the index’s stocks still finished lower for the day, but gains for Nvidia and other tech stocks were enough to drive it to a third straight gain and back within 2% of its all-time high set in July.
The Dow Jones Industrial Average rose by 124 points, or 0.3%, after rallying back from a drop of 743 points. The Nasdaq composite jumped 2.2%.
On Wednesday:
The S&P 500 rose 58.61 points, or 1.1%, to 5,554.13.
The Dow Jones Industrial Average rose 124.75 points, or 0.3%, to 40,861.71.
The Nasdaq composite rose 369.65 points, or 2.2%, to 17,395.53.
The Russell 2000 index of smaller companies rose 6.41 points, or 0.3%, to 2,103.85.
For the week:
The S&P 500 is up 145.71 points, or 2.7%.
The Dow is up 516.30 points, or 1.3%.
The Nasdaq is up 704.70 points, or 4.2%.
The Russell 2000 is up 12.44 points, or 0.6%.
For the year:
The S&P 500 is up 784.30 points, or 16.4%.
The Dow is up 3,172.17 points, or 8.4%.
The Nasdaq is up 2,384.18 points, or 15.9%.
The Russell 2000 is up 76.77 points, or 3.8%.
