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VOL. 48 | NO. 1 | Friday, January 5, 2024
Wall Street rallies as Big Tech recovers but oil and Boeing tumble
NEW YORK (AP) — Wall Street rallied to claw back most of the losses from its slow start to the year.
The S&P 500 rose 1.4% Monday to pull within 1% of its all-time high. The Nasdaq composite rose 2.2%, and the Dow added 0.6%.
Boeing dragged on the Dow after one of its jets suffered an inflight blowout.
Oil-and-gas companies were also weak after crude prices tumbled on worries about weaker demand. But gains for Big Tech stocks and much of the rest of the market overshadowed those losses.
They rose as Treasury yields eased.