Wednesday, 10 March 2021

Markets rise, Nasdaq surges

Markets were mostly higher on Tuesday.

The S&P 500 jumped 1.4 percent, the STOXX Europe 600 rose 0.8 percent and the Nikkei 225 rose 1.0 percent.

However, the Shanghai Composite slumped 1.8 percent to a 12-week low.

Tech stocks drove the rally in the US, with the Nasdaq Composite surging 3.7 percent.

In Europe, the market shrugged off a report showing that the eurozone economy contracted 0.7 percent in the last quarter of 2020.

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