A surge in big technology stocks was pulling the stock market sharply higher on Tuesday, as a fall in bond yields was helping beaten-down technology companies recover.
The surge comes a day after the Nasdaq closed 10% below its February peak, what is known as a “correction” on Wall Street.
The S&P 500 was up 1.8% as of 11:50 a.m. Eastern. The technology-heavy Nasdaq was up 3.3%, led by gains in Apple, Amazon, Facebook and Cisco. The Dow Jones Industrial Average, which is weighted less toward tech than the other two indexes, gained 265 points, or 0.8%, to 32,068. The Russell 2000 index of small company stocks was up
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