US STOCKS-Wall Street ends sharply higher as Big Tech roars back
Wall Street ended sharply higher on Tuesday, as Microsoft and Apple spearheaded a strong rebound in growth stocks and investors awaited monthly payrolls data later this week that could influence the U.S. Federal Reserve's decision on when to scale back monetary stimulus. Apple, Microsoft, Amazon and Alphabet, Wall Street's most valuable companies, each rose more than 1% following a selloff in growth stocks the day before. Nine of the 11 major S&P 500 sector indexes rose, with financials, communication services and technology leading the way.
Published:10/5/2021 3:30:32 PM