Tech stocks rally 2 percent after suffering Black Friday losses

Tech stocks rally 2 percent after suffering Black Friday losses

5 years ago
Anonymous $L9wC17otzH

https://www.cnbc.com/2018/11/26/tech-stocks-rally-2-percent-after-suffering-black-friday-losses.html

Tech stocks bounced back on Cyber Monday after suffering losses on Black Friday. The Nasdaq Composite Index spiked more than 2 percent by Monday's close, compared to Friday's dip of 0.5 percent — its worst Black Friday since 2011.

On a day where shoppers scour the internet for holiday deals, Amazon spiked 5.3 percent. This Cyber Monday is expected to be a record-setter, hitting $7.8 billion for online transactions, according to Monday morning estimates by Adobe Insights. That would be an 18.3 percent increase compared to the same time last year.