After a red opening for US stocks, all major indices hit at the beginning of the session yesterday, Tuesday, the fifth of July (July), stocks managed to reverse their negativity by the end of the session, as the Nasdaq Composite Index specialized in the technology sector managed to end the session with gains of more than 190 points, benefiting from the rise in technology stocks.

The Dow Jones index reduced its losses, which exceeded the 500 blister mark. Rising fears about an expected global economic recession pressured the opening of the markets, as stock markets are pricing an expected recession in the largest economy in the world amid the absence of economic indicators during the session yesterday, Tuesday, and anticipation for the US Federal Reserve minutes today, Wednesday, in addition to the pressures on the energy sector shares after oil fell by more than 8 percent. % during the session.

Credit Suisse lowered its forecast for the S&P 500 index, with US stocks falling, to 4,300 points by the end of this year, compared to 4,900 in previous estimates.

In terms of stock movement, the Tesla stock turned green and was able to close with a gain of 2.55%, after it had lost more than 4%, while the gains of technology shares supported the Nasdaq index, as Apple shares rose by 1.89% and Amazon, Microsoft and MENA shares rose by 3.6% and 1.26% and 5.1%, respectively.

The Dow Jones Industrial Average closed down by about 129 points at the close at 30.967 levels, a loss of about 0.42%, and is now trading in the futures for today’s session, Wednesday, at 30.867 levels, down by about 69 points.

While the S&P 500 index recorded highs at the close at 3.831 levels, an increase of about (6) points or 0.16%, and it is now trading in futures at 4.144 levels, down by about 8 points.

While the Nasdaq index recorded gains by 194 points, to close the session at 11,322 points, recording a profit of about 1.75%, and it is now trading in the futures, down by about 20 points.