Investing.com - U.S. stocks bounced back on Tuesday after three days of heavy losses, as bargain hunters snapped up nicely priced tech stocks that took a beating on concerns U.S. equities are due for a correction.
At the close of U.S. trading, the Dow 30 ended the session up 0.06%, the S&P 500 rose 0.38%, while the Nasdaq rose 0.81%.
Investors sold off technology stocks for three consecutive sessions and jumped to the sidelines to await first-quarter earnings, though by Tuesday, bottom fishers saw attractively-priced shares and sent indices back into positive territory.
Social media icon Facebook Inc (NASDAQ:FB) closed up 2.18%, while search engine giant Google Inc (NASDAQ:GOOGL) rose 3.12%.
Gains were somewhat limited over uncertainty surrounding first-quarter earnings.
After the closing bell, metals giant Alcoa Inc (NYSE:AA) reported first-quarter earnings of $0.09 per share and $5.45 billion in revenue.
Analysts were expecting earnings of $0.05 a share on $5.55 billion in revenue.
Leading Dow Jones Industrial Average performers included Nike Inc (NYSE:NKE), up 2.93%, Intel Corporation (NASDAQ:INTC), up 1.68%, and Caterpillar Inc (NYSE:CAT), up 1.26%.
The Dow Jones Industrial Average's worst performers included Goldman Sachs Group Inc (NYSE:GS), down 1.25%, Boeing Company (NYSE:BA), down 1.15%, and Pfizer Inc (NYSE:PFE), down 0.98%.
European indices, meanwhile, finished lower.
After the close of European trade, the DJ Euro Stoxx 50 fell 0.35%, France's CAC 40 fell 0.25%, while Germany's DAX 30 fell 0.21%. Meanwhile, in the U.K. the FTSE 100 fell 0.49%.
On Wednesday, the Federal Reserve will release the minutes of its March policy meeting, and markets will move if the document contains a clearly visible weather vane pointing to the direction of U.S. monetary policy.
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