All posts tagged: bounces

Wall Street Bounces Back as Tech Stocks Recover and Bitcoin Stops Plunging

Wall Street Bounces Back as Tech Stocks Recover and Bitcoin Stops Plunging

NEW YORK (AP) — Wall Street is bouncing back from big losses taken earlier in the week, as technology stocks recover some of their losses on Friday and bitcoin halts its plunge, at least for now. The S&P 500 rose 0.9% and was heading for just its second gain in the last eight days. The Dow Jones Industrial Average was up 776 points, or 1.6%, as of 10:15 a.m. Eastern time, and the Nasdaq composite was 0.5% higher. Chip companies helped drive the gains, and Nvidia rallied 4.9% to trim its loss for the week, which came into the day at just over 10%. Broadcom climbed 3.8% to eat into its drop for the week of 6.3%. They were the two strongest forces lifting the S&P 500, and they benefited from hopes for big spending on chips by companies to drive their forays into artificial-intelligence technology. Amazon, for example, said late Thursday it expects to spend about $200 billion on investments this year to take advantage of “seminal opportunities like AI, chips, robotics, and low …

Tylenol’s reputation among Republicans bounces back after Trump’s warnings

Tylenol’s reputation among Republicans bounces back after Trump’s warnings

Tylenol’s brand reputation has bounced back among Republicans after suffering a blow following President Trump’s warning last fall that pregnant women should not take the medication because of a scientifically unproven risk of autism, according to YouGov data. Trump made the remark about acetaminophen, the active ingredient in Tylenol, during an event last September in… Source link