Technology Stocks Lead Wall Street Higher as Bond Yields Retreat
Translated from Chinese and summarized by DistantNews. Read the original for the full story.
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Outcome reported
- Major U.S. stock indexes closed higher as recently rising bond yields fell further and large technology companies posted strong gains.
- The Dow Jones Industrial Average rose 624.16 points, or 1.18%, to 53,686.11, while the S&P 500 gained 1.06% and the Nasdaq climbed 1.40%.
Wall Street’s major indexes closed higher after a further retreat in bond yields and strong performances by large technology companies helped U.S. stocks recover some of their losses from earlier in the week.
The Dow Jones Industrial Average rose 624.16 points, or 1.18%, to finish at 53,686.11. The S&P 500 gained 81.11 points, or 1.06%, to 7,747.71.
The Nasdaq Composite jumped 366.23 points, or 1.40%, to close at 26,584.06. The Philadelphia Semiconductor Index edged up 12.88 points, or 0.11%, to 11,352.13.
About this summary
Originally published by Liberty Times in Chinese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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