Nasdaq pops more than 1% for 3rd straight winning day as tech rebounds from August slump
(Image by David Vives from Pixabay)
(CNBC) -- The Nasdaq Composite climbed more than 1% Tuesday, as investors flocked back to tech stocks in the final days of what’s been a difficult August for the market.
The S&P 500 climbed 1.4%, while Dow Jones Industrial Average added 258 points or 0.7%. The tech-heavy Nasdaq gained 1.8%.
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Chipmaker Nvidia led the charge of rising tech stocks with a gain of more than 4%. Shares of Meta Platforms, Tesla, Apple and Microsoft were all trading higher. The sector seemingly received a boost from falling bond yields following the release of new U.S. economic data.
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