Stocks jumped out of the gate and rallied into the close as market participants went bargain hunting following this week's drubbing. Indeed, tech stocks, which bore the brunt of the recent selling, saw some of the biggest gains, while crypto-adjacent names surged as bitcoin bounced.
At the close, the blue-chip Dow Jones Industrial Average was up 2.5% at 50,115 and the broader S&P 500 was 2% higher at 6,932 – their biggest one-day gains since last May and a new record high for the Dow. The tech-heavy Nasdaq Composite climbed 2.2% to 23,031 for its best day since November.
