Market Rally Picks Up Steam With The Dow Jumping 550 Points
May 13, 2021
U.S. stocks climbed on Thursday, rebounding from steep losses in the previous session as investors picked up major technology shares after the pullback. The Dow Jones Industrial Average rose 550 points, while the S&P 500 jumped 1.5% as all 11 sectors traded in the green. The tech-heavy Nasdaq Composite also popped 1.5% as Apple and Microsoft both rebounded more than 2%. Alphabet and Facebook rose more than 1% each. “This bull market ultimately has further to run,” said Keith Lerner, chief market strategist at Truist. “Investors who are underweight equities should look to average into the market weakness and become more aggressive.” Read more at CNBC.
