Nasdaq rebounds 1.3% led by Alphabet and Tesla; S&P 500 surges 1%.
Stocks rebound after NASDAQ suffers two weeks of losses, led by Alphabet and Tesla. Alphabet's shares rose 7% after reports that Apple is considering using Google's AI technology in iPhones. Tesla's shares increased 6.4% after the company announced a price hike for its Model Y electric vehicles. The S&P 500 surged by nearly 1%, while the tech-heavy Nasdaq 100 staged an even stronger rebound, climbing 1.3% beyond the 18,000-point mark.
March 18, 2024
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