Cathie Wood, CEO and founder of ARK Invest.
Widely followed investor Cathie Wood recouped some of her recent sharp losses as tech stocks rebounded Tuesday after a brutal correction triggered by surging bond yields.
Wood’s flagship active exchange-traded fund Ark Innovation ETF (ARKK) climbed 7% on Tuesday. Tesla, the fund’s biggest holding, is up 6.8% in morning trading. Among other holdings, Zoom Video is up 5.4%, while Palantir gained 4.5%.
The rebound in ‘ARKK’ came amid a 2.5% jump in the…