Wall Street recovers amid Nasdaq gain
Wall Street indices regained their balance at the start of Monday’s trading session after a sharp sell-off in the previous session. This was supported by a rebound in semiconductor stocks and a decrease in tensions in the Middle East. The Dow Jones Industrial Average rose by 0.26%, the S&P 500 increased by 0.77%, while the Nasdaq jumped by 1.38%, driven by technology and chip stocks. These gains came after a nine-week streak of gains, following a decline in technology and chip stocks on Friday due to fears of interest rate hikes in response to strong U.S. employment data.
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