US Stocks Rebound as Tech and Bank Stocks Lead the Way

Published: 22 April 2024 at 17:53

Finance & Economics

US stocks, including the S&P 500, Dow Jones Industrial Average, and Nasdaq, bounced back on Monday with gains driven by tech and bank stocks as bond yields stabilized. Notable company news includes Tesla announcing price cuts and 150 S&P 500 companies set to report earnings. The S&P 500 rose 0.9% to surpass 5,000, while the Dow added 0.7% and the Nasdaq jumped 1.1%. Key upcoming earnings to watch include Meta, Microsoft, and Alphabet, with Tesla's quarterly results expected after the market close on Tuesday.