S&P 500 and Nasdaq Open Higher Following Worst Week Since June
· Business · Investing.com
Wall Street's major indexes opened higher as investors bought the dip following a sharp sell-off in artificial intelligence stocks. The S&P 500 and the Nasdaq climbed in early trading, attempting a recovery after posting their worst weekly performance since June. Market participants returned to technology shares that drove the recent market correction. Trading activity reflected ongoing sensitivity to valuations within the technology sector. Further market direction will depend on upcoming economic data and corporate earnings reports.
Why it matters
Market volatility in major US technology indexes directly influences global sentiment and foreign portfolio flows into Indian equities and IT stocks.
Read the original report — Investing.com
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