Tech stocks rebound on Nasdaq – Netflix, Facebook, Amazon and Apple share prices are on the up after Black Monday
Tech stocks have rebounded after a dismal Black Monday.
Netflix has had one of the biggest rallies in early morning trading, up around seven per cent, while Apple was up around 4.5 per cent.
The tech-heavy Nasdaq, on which Apple is the heaviest weighted stock, was up more than three per cent after global markets took a pummeling on Monday.
Read more: US stocks rebound after China crash
Tim Cook halted Apple's fall yesterday, after issuing a rare mid-quarter update in an email to the host of CNBC's money show, Jim Cramer.
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Apple shares slipped under the $100 mark for the first time in many months, hitting $92 – a drop of 13 per cent – but clawed that back to close just 2.49 per cent down on Monday.
Meanwhile, Facebook was up five per cent and Amazon rose more than three per cent, while Google jumped about three per cent.