
Dow rises nearly 230 points as markets rebound from hectic week
Feb. 1 (UPI) -- U.S. markets rebounded Monday following their worst week since October as investors seemed to set aside concerns about speculative trading. The Dow Jones Industrial Average rose 229.29 points, or 0.76%, to climb back above 30,000 points after last week's losses. Meanwhile, the S&P 500 gained 1.61% and the Nasdaq Composite ended the day up 2.55%. Advertisement Tech stocks helped to lift the market higher as Amazon stock gained 4.26%, Google's parent company, Alphabet, climbed 3.6%, Microsoft increased 3.32% and Apple closed up 1.65%. GameStop stock, which had increased by 400% last week after being targeted by members of the r/WallStreetBets subreddit, dropped by 30.77% on Monday. Members of the group bought large amounts of the GameStop shares as well as other heavily-...