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S&P 500 rebounds as tech shares lead market recovery

The S&P 500 (Symbol: SP500) rallied more than 1%. closing at 5,564.41 and marking its best single-day performance. This robust recovery follows a challenging week for stocks, particularly in the tech sector, which suffered a major setback due to a major tech outage. Read more to find out why the S&P 500 rebounds.

why S&P 500 rebounds

Disclaimer:

For short-term traders, the recent rebound in the S&P 500 and the tech sector’s strong performance suggest potential opportunities for quick gains. However, the political uncertainty following President Biden’s announcement may introduce volatility, requiring traders to remain vigilant.

Publication date:

2024-07-27 11:54:20 (GMT)

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