Business Standard

Wall St rises as investors buy beaten-down chipmakers, tech stocks

US business activity rises to eight-month high in March; Uber surges on deal to list all NYC taxis on its app

Wall Street
Premium

Photo: Shutterstock

Reuters
Wall Street's main indexes rose on Thursday, as investors bought beaten-down chipmakers and megacap technology shares while grappling with the fallout of Ukraine war as the United States and Britain further tightened sanctions on Russia. Ten of the 11 major S&P sectors advanced, with technology , communication services and gaining more than 1%.

"A lot of that is when bargain hunters come out to start to buy the dip, they start looking for the sectors that have been the most beat up," said Arthur Hogan, chief market strategist at National Holdings Corp.
 
Tech titans Microsoft Corp, Apple Inc, Alphabet Inc,

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Mar 24 2022 | 8:14 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers.

Register to read more on Business-Standard.com