Major Indexes Recover After Monday Blood Bath

by The Chicago Times Business Staff

October 5, 2021

NEW YORK — U.S. stock markets recovered slightly Tuesday after a slaughtering on Monday of the technology sector and negative news about Facebook.

Investors saw hope in the service industry today after encouraging estimates on activity within the United States and diminishing COVID-19 cases in September.

The Dow Jones Industrial Average rose 311.75 points to close at 34,314.67. While the mighty S&P 500 saw a gain of 45.26 points to close at 4,345.72.  The tech heavy Nasdaq Composite soared 178.35 points to finish at 14,433.83.

Finally, former Facebook employee Frances Haugen appeared before a Senate subcommittee in Washington, D.C., claiming in prepared testimony that the social-media giant prioritized business over safety.