India, Feb. 10 -- Following the sharp pullback seen during last Friday's session, stocks have moved back to the upside during trading on Monday. The major averages have all rebounded, with the tech-heavy Nasdaq showing a particularly strong upward move.
In recent trading, the Nasdaq and S&P 500 have reached new highs for the session. The Nasdaq is up 230.18 points or 1.2 percent at 19,735.58, the S&P 500 is up 41.51 points or 0.7 percent at 6,067.50 and the Dow is up 175.11 points or 0.4 percent at 44,478.51.
The rebound on Wall Street may partly reflect bargain hunting, as traders pick up stocks at somewhat reduced levels following the sharp pullback seen last Friday.
While Friday's slump partly reflected new tariff threats from Preside...