Stock Market Rebounds Slightly as Tech Stocks Lead Rally
On Friday, the Nasdaq and S&P 500 reversed slightly higher after initial losses amid rising bond yields that hurt small-cap stocks. Large-cap blue chips were less affected by selling pressure. In tech, Sandisk (SNDK) rose sharply within the S&P 500 while Lumentum (LITE), a fiber-optic company, outperformed in the Nasdaq 100. The Dow Jones Industrial Average fell slightly by 0.2%, reflecting mixed market sentiment across sectors. The broader rebound was driven primarily by strong performance from key technology stocks despite ongoing concerns about bond yields impacting smaller companies.
