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Stocks Edge Up With Tech Leading Way

U.S. stocks opened higher Thursday as weekly jobless claims held steady, extending Wednesday’s rebound after a recent technology-led sell-off.

The S&P 500 ticked up 0.5% in early trading, while the tech-heavy Nasdaq Composite Index gained 0.7%. The Dow Jones Industrial Average added 0.5%, while the pan-continental Stoxx Europe 600 declined 0.2%.

All the so-called FAANG stocks were up, with Inc. and Apple Inc. up 1.7% and 1.3%, continuing gains by the big tech stocks.

Volatility in these big technology stocks has dominated markets in recent days. Tech shares rose broadly Wednesday following a three-session selloff that pushed the Nasdaq Composite Index into correction territory. Despite recent moves lower, the Nasdaq has gained more than 20% this year.

The recent slide in tech stocks has raised worries that the market, which had risen so sharply over the summer, could be set for a more turbulent period.

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