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Stock Indexes Claw Back Some Lost Ground

Wall Street rebounds a bit after wild Monday
By Newser Editors and Wire Services
Posted Aug 6, 2019 3:11 PM CDT
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Traders are shown on the floor of the New York Stock Exchange, Tuesday, Aug. 6, 2019.   (AP Photo/Richard Drew)

(Newser) – Stocks are closing broadly higher on Wall Street as gains by technology companies and banks helped the market gain back almost half the ground it lost in a big sell-off the day before, the AP reports. Apple and Microsoft each rose 1.9% Tuesday, and video game maker Take-Two Interactive jumped 8% after turning in strong quarterly results. Investors were relieved to see that China had stabilized its currency, easing some of the pressure in its trade war with the US. The S&P 500 rose 37 points, or 1.3%, to 2,881. The Dow Jones Industrial Average rose 311 points, or 1.2%, to 26,029. The Nasdaq climbed 107 points, or 1.4%, to 7,833. (Read more stock market stories.)

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