Stocks Turn Higher After Tech-Led Selloff

Written by on April 27, 2022

U.S. stocks rose Wednesday in choppy trading, clawing back some of their losses after selling off sharply a day earlier.

The S&P 500 gained 1.4% in afternoon trading, while the Dow Jones Industrial Average added 1.2%, or about 407 points. The technology-focused Nasdaq Composite advanced 1.4%. The gains were broad-based, with 10 of the S&P 500’s 11 sectors rising. Only the communications services group lost ground.

On Tuesday, the Nasdaq recorded its largest one-day percentage decline since September 2020, while

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