Wall Street rebounds as tech stocks rise

Published

4 years ago

May 14, 2021

Wall Street has closed sharply higher, bouncing back from three straight days of selling on upbeat labor market data

All three major US stock indexes notched solid gain. The Nasdaq was weighed by Electric Car Maker, Tesla, picking up the rear after losing 3 percent after Elon Musk rejected Bitcoin.

Recent economic data has prompted inflation fears as a shortage of both materials and workers within the US threatens to send prices surging in the face of a demand boom.

Related Topics:bitcoin markets nasdaq nyse tesla trending wallstreet

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