(CNBC) — The major averages rebounded on Tuesday following a technology-centered market rout in the previous session.
The Dow Jones Industrial Average gained 311.75 points, or 0.92%, to 34,314.67. The S&P 500 rose 1.05% to 4,345.72 and the Nasdaq Composite rallied 1.25% to 14,433.83. All three of the major averages are still down for the week after closing off their highs.
Mega-cap technology names were solidly in the green on Tuesday. Netflix rose 5.2%, Amazon gained just shy of 1%. Apple and Alphabet advanced 1.4% and nearly 1.8%, respectively. Facebook shares rose 2% following a 5% slide on Monday due to a whistleblower’s claims and a site outage.
