Nasdaq Surges 1.7% on Monday After Trump Calms Trade War Fears – Tech Stocks Lead Wild Comeback
Market Summary – Nasdaq Composite & Nasdaq-100 Performance Monday’s session saw a sharp recovery in equities after Friday’s selloff. The Nasdaq Composite rebounded to 22,513.52 at the close, up 1.39% for the dayinvesting.com. The tech-heavy Nasdaq-100 also climbed to 24,697.77, up 1.97%investing.com. These gains came as U.S. futures jumped and major tech names surged (see below). By comparison, on Friday Oct 10 the Nasdaq Composite had plunged to 22,204.43 (-3.56%)investing.com on news of fresh trade tensions – wiping out nearly two weeks of gains (the index had traded at record highs near 23,043 on Oct 9ts2.tech). The broader S&P 500 fell