Wall Street bounces as growth, energy stocks jump

Published by
Reuters

By Devik Jain and Anisha Sircar (Reuters) – U.S. stock indexes climbed on Tuesday as investors returned from a long weekend to scoop up shares of megacap growth and energy companies that were hammered in a rout last week on worries over a global economic downturn. The three main Wall Street indexes marked their third weekly fall in a row on Friday, and the benchmark S&P 500 posted its biggest weekly percentage drop since March 2020 in the wake of the Federal Reserve’s largest interest rate hike in nearly three decades. Other major central banks including the Swiss National Bank and the Bank of…

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