The Nasdaq index recovered its losses and turned to growth. Investors buy on the downturn

The Nasdaq Composite index of the US technology sector has recovered the fall it showed after the opening of trading and even gained almost 0.2%. However, the index is unstable and from time to time goes into negative territory again. At the beginning of trading on March 2, the index fell by 1.6% on the background of the conflict between the U.S. and Iran, which began on February 28.

The Russell 2000 index of small and mid-capitalization companies also held steady in the green zone: it added about 0.2%.

The S&P 500 and the Dow Jones also slowed down compared to just after the opening. While the former was losing about 1.2% at the beginning of the session, it then cut its losses to 0.1%. The Dow Jones Industrial Average was losing 1.2% before slowing to 0.4%. The indices were affected by the growth of shares of technology companies such as Nvidia and Microsoft, notes CNBC.

Gold futures were only up 0.14%, with the price falling below $5300 per troy ounce. The CBOE Volatility Index (VIX) - Wall Street's so-called "fear index" - climbed to 25.24 points, but then slowed to 21.43. That's still above the psychological 20-point mark indicating high volatility.

This article was AI-translated and verified by a human editor