Wall St. rebounds on tech strength, eyes shift to earnings

U.S. stocks rebounded on Thursday from a steep selloff in the prior session, boo...

- U.S. stocks rebounded on Thursday from a steep selloff in the prior session, boosted by technology shares, as investors shrugged off a cautious outlook from the Federal Reserve on interest rate cuts and focused on corporate earnings.

Despite that, all three major indexes posted their second straight monthly gains in July, closing the book on a month in which the S&P 500 and the Nasdaq reached fresh record highs. Earnings reports so far have been robust with 355 companies in the S&P 500 that have reported second-quarter earnings, 74.4% have beaten Street estimates for profit, according to Refinitiv data.

The Dow Jones Industrial Average rose 271.77 points, or 1.01%, to 27,136.04 and the S&P 500 gained 29.57 points, or 0.99%, to 3,009.95. The Nasdaq Composite added 122.60 points, or 1.5%, to 8,298.02.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

Reuters /  🏆 2. in US

United States Latest News, United States Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Wall St. rises at open on Apple boost; Fed in focusU.S. stocks opened higher on Wednesday, lifted by Apple's shares, as the iP...
Read more »

Wall St. higher on tech boost, focus shifts to earningsU.S. stocks bounced back on Thursday, helped by technology shares as focus shift...
Read more »

Here are the biggest analyst calls of the day: IBM, Corning, RH & moreHere are the biggest calls on Wall Street on Thursday
Read more »

Fact check: Andrew Yang on robots displacing more workers than immigrantsFACT CHECK: Andrew Yang said, 'If you go to a factory here in Michigan, you will not find wall-to-wall immigrants, you will find wall-to-wall robots and machines.' Yang is right that robots have displaced more workers than immigrants. DemDebate
Read more »

Solid earnings reports push US stock indexes broadly higherMARKETS: Stocks moved higher in early trading on Wall Street Thursday as investors focused on several solid earnings reports after a late bout of selling the day before.
Read more »

Wall Street drops on new trade worries, Fed; Apple eyedU.S. stocks slipped on Tuesday after a warning from President Donald Trump to Ch...
Read more »