AM Report: US Rebounds

By Juliana Roadley | More Articles by Juliana Roadley

US sharemarkets rose in late trade on Tuesday supported by a rebound in biotech shares. The Nasdaq biotech index had initially fallen by 1% before closing up 0.1%. Shares in Netflix fell by 2.1%. The Dow Jones index closed higher by 91 points or 0.6% with the S&P 500 up 0.4% and the Nasdaq gained 8 points or 0.4%.