S&P 500 Rebounds After Stock Selloff

The tech-heavy S&P 500 rebounded on Thursday, breaking a dayslong selloff that was fueled by fears of rising interest rates. The S&P 500 has had a disruptive week of trading over concerns that the Federal Reserve could raise interest rates higher than expected and keep them elevated for longer. Minutes of the Fed’s latest meeting were released on Wednesday and showed that a few officials favored a further increase of 0.5 percent. The S&P 500 increased 0.5 percent at Thursday’s close. The Dow Jones Industrial Average rose by 0.3 percent after initial declines, and the Nasdaq Composite rose by 0.7 percent.