Showing posts with label rebounding after two-day rout By ASSOCIATED PRESS. Show all posts
Showing posts with label rebounding after two-day rout By ASSOCIATED PRESS. Show all posts

Thursday, 11 October 2018

Stocks open sharply higher, rebounding after two-day rout By ASSOCIATED PRESS

Stocks open sharply higher, rebounding after two-day rout
Trader John Panin works on the floor of the New York Stock Exchange. (Richard Drew / Associated Press)
Stocks were up Friday after two days of sharp losses. Major U.S. stock indexes were up more than 1% in early trading, but they're still on track for their biggest one-week loss since late March.
Technology and internet companies were some of the hardest hit over the last two days and they led the market higher Friday. Apple climbed 2.7% to $220.18. Consumer-focused companies also rallied, as Amazon jumped 3.8% to $1,783.96 and Netflix surged 4.7% to $336.30.