US stock markets were left heavily bruised after a massive sell-off on Thursday last week, however on Friday technology stocks spearheaded a partial recovery. With problems piling on top of one another for US President Donald Trump, markets are concerned his administration will have difficultly carrying out its program for government.
Stocks in Apple, Amazon and Facebook in addition to other heavyweight tech stock all fell last Thursday, however investors piled back into the market the next day to take advantage of bargain prices. By the end of the day, tech stocks had jumped in value by between 1 and 2 percent which propelled the NASDAQ Composite Index to close up 43.89 points, or 0.73 percent, finishing at 6055.13 points.
The Dow Jones Industrial Average rose 56.09 points or 0.27 percent, climbing to 20663.02 points, while the Standard & Poor’s 500 Index gained 8.69 points, or 0.37 percent, closing up at 2365.72 points.
Source article: http://www.taipeitimes.com/News/lang/archives/2017/05/23/2003671088