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Titre de la page (sans l’espace de noms) (page_title) | 'US STOCKS-Megacap Energy Shares Lead Broad Wall Street Rebound' |
Titre complet de la page (page_prefixedtitle) | 'US STOCKS-Megacap Energy Shares Lead Broad Wall Street Rebound' |
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Texte wiki de la nouvelle page, après la modification (new_wikitext) | '<br>By Lewis Krauskopf, Devik Jain and Anisha Sircar<br> <br>June 21 (Reuters) - Wall Street's major indexes jumped on Tuesday as investors scooped up shares of megacap growth and energy companies hammered last week on worries over a global economic downturn.<br> <br>All 11 major S&P 500 sectors gained, as stocks rebounded broadly after the benchmark index last week logged its biggest weekly percentage decline since March 2020.<br> <br>Investors are trying to assess how far stocks can fall as they [https://www.gameinformer.com/search?keyword=weigh%20risks weigh risks] to the economy with the Federal Reserve taking aggressive measures to try to tamp down surging inflation. The S&P 500 is down over 20% this year after confirming it was in a bear market earlier this month.<br> <br>"Do I think we have hit bottom? No. I think we are going to see more volatility, I think the bottoming process will likely take some time," said Kristina Hooper, chief global market strategist at Invesco.<br><br>"But I do think it is a good sign to see investor interest."<br> <br>The Dow Jones Industrial Average rose 585.65 points, or 1.96%, to 30,474.43, the S&P 500 gained 89.9 points, or 2.45%, at 3,764.74 and the Nasdaq Composite added 301.06 points, or 2.79%, at 11,099.41.<br> <br>The energy sector, the top-gaining S&P 500 sector this year, surged over 5% after tumbling last week.<br> <br>Megacap stocks [https://www.mlbdailydish.com/users/microsoftpartner.uk Apple] Inc, Tesla Inc and Microsoft Corp all rose solidly to give the biggest individual boosts to the S&P 500.<br> <br>The Fed last week approved its largest interest rate increase in more than a quarter of a century to stem a surge in inflation.<br> <br>Investors are pivoting to Fed Chair Jerome Powell's testimony to the U.S.<br><br>Senate Banking Committee on Wednesday for clues on future interest rate hikes and his latest views on the economy.<br> <br>Goldman Sachs now expects a 30% chance of the U.S. economy tipping into recession over the next year, up from its previous forecast of 15%.<br> <br>In company news, Kellogg Co shares rose 3% after the breakfast cereal maker said it was splitting into three companies.<br> <br>Spirit Airlines shares jumped 9% after JetBlue Airways said on Monday it sweetened its bid to convince the ultra-low cost carrier to accept its offer over rival Frontier Airlines' proposal.<br> <br>Advancing issues outnumbered decliners ones on the NYSE by a 3.95-to-1 ratio; on Nasdaq, a 3.00-to-1 ratio favored advancers.<br> <br>The S&P 500 posted 1 new 52-week highs and 32 new lows; the Nasdaq Composite recorded 36 new highs and 90 new lows.<br> <br>(Reporting by Lewis Krauskopf in New York, Devik Jain and Anisha Sircar in Bengaluru; Editing by Sriraj Kalluvila, Arun Koyyur and Richard Chang)<br><br><br>adverts.addToArray({"pos":"inread_player"})Advertisement' |
