A street sign for Wall Street is seen outside the New York Stock Exchange (NYSE) in New York City, New York, U.S., July 19, 2021. REUTERS/Andrew Kelly
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- Nordstrom, Gap tumble on weak earnings
- Tech stocks recover after steep losses this week
- Core PCE index rises in October
- Fed minutes awaited
- Indexes: Dow down 0.22%, S&P up 0.04%, Nasdaq up 0.24%
Nov 24 (Reuters) – The S&P 500 and the Nasdaq rose on Wednesday as positive labor and consumer data boosted economically sensitive sectors, while major technology shares bounced back from two days of steep losses.
Most heavyweight technology stocks pared early losses and traded higher by midday, with the S&P tech sector (.SPLRCT) up 0.2%. Rising Treasury yields had seen the sector dive around 3% this week.
The S&P consumer discretionary sector (.SPLRCD) rose 0.4%, while the retail index (.SPXRT) added about 0.3% after data showed U.S….
