Sea Limited, Williams-Sonoma Stocks Surge as Tech Rebounds, Investors Optimistic on Inflation
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Sea Limited stock jumped 12% as Indonesia may curb TikTok's e-commerce abilities, benefiting Sea's market share.
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Williams-Sonoma stock climbed 12% as major institutional investor Leonard Green & Partners increased its stake to nearly 5%.
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The Nasdaq gained the most of major indexes, picking up 0.45% as tech stocks rebounded.
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Investors were feeling optimistic again about the economy's ability to handle inflation pressures.
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Sea Limited and Williams-Sonoma were among the biggest gainers, helping drive the market's bounce back.