Wall Street Today: Nasdaq rallies 3% on Mag 7; S&P 500 set for best day since elections, on track for 4th weekly loss

Wall Street Today: US stocks rebounded on Friday, March 15, after investors shopped for bargains at the end of a tumultuous week, despite the benchmark S&P 500 index entering the correction territory, shedding $4 trillion in the previous session. US President Donald Trump’s escalating trade war and tariffs fueled recession fears in the US and doused the risk appetite on Wall Street. The sharp rally sent all major US indices higher. The tech-heavy Nasdaq has rallied three per cent so far, driven by recently battered tech-related mega caps flying a comeback. All seven of the Magnificent 7 artificial intelligence (AI)-…