US shares mostly turn to gains on tech rebound

Thursday, 19. August 2021 19:02

Shares on Wall Street reversed earlier losses to trade mostly in the green later in the session on Thursday amid a rebound in tech stocks.

Traders were reacting to the latest minutes from the Federal Reserve's July meeting, which signaled officials could start reducing the central bank's asset purchases before the end of the year. On the earnings front, Nvidia's second-quarter earnings lifted the company's stocks up over 6%.

The Dow Jones was flat at 12:50 pm ET. Meanwhile, the S&P 500 gained 0.33% after falling over 0.60% at the opening bell. The Nasdaq 100 was the best performing index, climbing 0.86% at the time as shares of Nvidia and Netflix led the gains.

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Author:
Breaking the News / JC