Tech stocks rose Thursday, along with shares of consumer discretionary companies, allowing the S&P 500 to reverse a three-session downward trend.
Investors were still shy to bet on other stocks after Fed Chair Jerome Powell warned of additional interest rates hikes on Wednesday.
The S&P 500 rose a total 0.4%, but the Dow Jones Industrial Average dropped less than 0.1%, and the Nasdaq registered a 1% upward bump.
Some big tech stocks hit new highs, including Amazon.com which increased4.3% to $130.15, erasing losses from the day before .
