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Nasdaq Leads As US Stocks Partially Rebound From Rout

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Key Points

  • Tech shares led US stocks higher Thursday ahead of a deluge of major earnings reports as US stocks rebounded following better economic data.
  • The Dow Jones Industrial Average advanced 0.5 percent to 26,659.11, while the broad-based S&P 500 gained 1.2 percent to 3,310.11.
  • Analysts have cautioned that Washington’s inability to approve a new stimulus package leaves the economy vulnerable in the fourth quarter, especially if the US coronavirus outbreak worsens.
  • Visit The Financial Today’s homepage for more stories.

NEW YORK — Tech shares led US stocks higher Thursday ahead of a deluge of major earnings reports as US stocks rebounded following better economic data.

The tech-rich Nasdaq Composite Index finished at 11,185.59, just moments before the release of earnings from Apple, Facebook, and other tech giants.

The Dow Jones Industrial Average advanced 0.5 percent to 26,659.11, while the broad-based S&P 500 gained 1.2 percent to 3,310.11.

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