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rdf:type	schema:NewsArticle
schema:articleBody	Tesla and other tech shares roared back to life on Wall Street Tuesday, powering higher after a period of weakness as Congress neared final passage of a $1.9 trillion economic aid package. The tech-rich Nasdaq Composite Index ended 3.7 percent higher at 13,073.82. The index has underperformed the Dow in recent sessions as investors have steered funds into industrial, banking and other sectors. The Dow Jones Industrial Average edged up 0.1 percent to 31,832.74, while the broad-based S&P 500 advanced 1.4 percent to 3,985.44. Tech giants, which have outperformed the broader market through most of the pandemic, have been under pressure in recent weeks. But Tuesday's session showed investors remain keen to step in when there are pullbacks. Besides Tesla, which jumped nearly 20 percent, Apple, Facebook and Amazon all surged around four percent or more. "The fact that we're up substantially is a good indication that maybe Nasdaq has found a bottom," said Peter Cardillo of Spartan Capital Securities, who cited Tuesday's pullback in Treasury yields as a factor supporting tech shares. Investors have pencilled in a jump in economic growth throughout 2021, boosted in part by Biden's plan, which includes stimulus checks of up to $1,400 to most US households and extensions of unemployment benefits, among other items. The OECD sharply raised its 2021 global growth forecast, projecting the global economy will expand by 5.6 percent, an increase of 1.4 percentage points from its December forecast, and saying the outlook has "improved markedly in recent months." Among individual companies, Boeing jumped 3.0 percent after posting February plane orders that exceeded cancelations for the first month since November 2019. GameStop continued its wild ride, surging 26.9 percent as the Senate Banking Committee held a hearing looking at recent volatility in the stock in the aftermath of a buying campaign by retail investors on the social networking website Reddit. jmb/cs
schema:headline	Nasdaq ends 3.7% higher as tech stocks rebound
schema:mentions	Variance S&P 500 Index Wind power by country Unemployment benefits Social networking service GameStop Dow Jones Industrial Average Reddit Industry Prime Video Tesla Model 3 Apple Inc. OECD United States Congress Pandemic Facebook United States Senate Committee on Banking, Housing, and Urban Affairs Pullback bundle NASDAQ Composite Microsoft Outlook
schema:author	http://data.cimple.eu/organization/1f0054d541e000623a2c1e561a247c073ef6328e8be9ffafda7b3fcd
schema:datePublished	2021-03-09 (xsd:date)
http://data.cimple...sPoliticalLeaning	other political leaning
http://data.cimple...logy#hasSentiment	negative sentiment
http://data.cimple...readability_score	62 (xsd:integer)
http://data.cimple...tology#hasEmotion	happiness

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