S&P 500 jumps as investors swoop in on tech after rout; European markets close higher as banking and tech stocks rally 
The market saw a broad rally during Tuesday’s regular session with nine out of 11 S&P 500 sectors closing positive. The Dow gained 312 points, or 0.92%. The S&P 500 rose 1.05% and the Nasdaq Composite rallied 1.25%.  
Mega-cap tech stocks closed higher Tuesday after being knocked down the prior trading session. Facebook stayed in focus following a lengthy outage and claims by a whistleblower that the company knows it’s harming people. 
A better-than-expected manufacturing reading Tuesday aided optimism about the economic recovery. The Institute for Supply Management’s services purchasing managers’ index report for September rose to 61.9 from 61.7 in August, 0.2 points better than expected. 
On the earnings front, PepsiCo (NASDAQ:PEP) ended up nearly 1% after the beverage and snack reported quarterly results that beat on the top and bottom lines, underpinned by strong performance in its North American beverage division. 
In other news, Johnson & Johnson (NYSE:JNJ) requested emergency authorization for its Covid booster from the Federal Drug Administration.

 
The pan-European Stoxx 600 closed up 1.2%, with banks jumping 3.4% to lead gains while tech stocks added 2.1%. 
Denmark’s GN Store Nord fell 7% after cutting the 2021 revenue growth forecast for its hearing aid unit. 
Source: CNBC, Investing.com