Leading US tech stocks pick up after Wall Street big pickup

The major technology stocks recovered their sharp declines from the previous session and a strong recovery in multi-day Treasuries was interrupted by a rebound that allowed the entire US stock market to realize its biggest gain in terms of its share price. A day since January.

The tech giants' momentum has also allowed the Nasdaq Composite to achieve its biggest increase in a day since March and helped pull the tech-based index out of a technical correction after Monday's sell left a little over 10% of its value. its climax ends at the beginning of May.

Alphabet, Facebook, Amazon and Apple lost $ 133 billion on Monday after US antitrust authorities agreed to monitor companies that are leading the way in investigating their competitive behavior.

The quartet's recovery had a mixed early start this morning, but had returned to a more solid footing midway through the session.

Alphabet, Google's parent company, grew by 1.3% after the afternoon in New York, following a 6.1% drop seen in the previous session and closing at the limit a bear market, which corresponds to a 20% drop from the peak reached.

Apple rose 2.9%, more than offsetting the decline recorded on Monday. Facebook has surpbaded the anticipated declines and has increased by more% following a 7.5% drop in the previous session, while Amazon added 1.4% after falling 4.6% yesterday .

The Nasdaq Composite rose 1.9%, recording its strongest growth since March 11 and leaving it 8.5% lower than its record close on May 3rd. The broad S & P 500 rose 1.6% and is expected to post its biggest gain since January.

The Philadelphia semiconductor index rose 2.9% on Tuesday. The gains for the index, which follows 30 companies that design, distribute and manufacture chips, were led in the previous session by Advanced Micro Devices after the announcement of a partnership with Samsung.

The sneaky negotiations of the last sessions took place in a climate of persistent uncertainty around the trade war between the United States and their allies and the intensification of the debate on the speed and direction of the Federal Reserve's monetary policy. . Jay Powell, chairman of the Fed, said in a speech Tuesday morning that the central bank would "do the right thing" to support US economic expansion while monitoring the impact of the US economy. escalation of the trade war between Washington and its allies.