Wall Street snapped back to life on Wednesday, recovering from its worst stretch of losses in months, as the bloodletting for big technology stocks came to at least a temporary halt. Apple, Amazon and other tech companies that suddenly lost their momentum late last week on worries their stocks soared too high all regained some ground. It was the best day in three months for the index, which recovered a little more than a quarter of its losses from the prior three days. The Nasdaq composite, which includes many tech stocks, gained by 293.87, or 2.7 percent at 11,141.56. It had dropped by 10 percent over the previous three days.

Source: The Standard September 09, 2020 20:26 UTC